By Nipa Piboontanasawat
Aug. 14 (Bloomberg) -- Hong Kong's economic growth probably slowed for the first time in more than a year as exports and household consumption cooled.
Gross domestic product rose 5.9 percent in the second quarter from a year earlier, according to the median estimate of 15 economists surveyed by Bloomberg News, after gaining 7.1 percent in the previous three months. The government is due to release the figures at 4:30 p.m. tomorrow.
A global slowdown and a more expensive yuan have curbed demand for Chinese-made exports shipped through Hong Kong, a trade hub for China. Also, higher inflation and a stock-market decline have damped consumer spending.
2 comments:
BS opex rally that fades or strong into the close? Looks BS to me but A/D line is holding strong at 2:1 and worrying me....
relax... :D
UP on "what" news means "what"? :D
Post a Comment