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Skip Navigation LinksHome :: Markets/asset classes :: Asia :: Hong Kong's GDP shrinks 1.4% q/q in Q2.

Monday, August 18, 2008

Hong Kong's GDP shrinks 1.4% q/q in Q2.





Hong Kong's GDP shrinks 1.4% q/q in Q2. According to official figures, Hong Kong's GDP expanded by 4.2% y/y, but shrank by a seasonally adjusted 1.4% q/q in Q2. In comparison, the GDP grew by 7.1% in Q1. The q/q decline in growth is being attributed to a sharp slowdown in exports and consumption. The official GDP growth forecast for the year stands at between 4% and 5%. Title: Hong Kong, GDP – Q1/2008 Quarter At current market prices In chained (2006) dollars HKD mn % Change y/y HKD mn % Change y/y % Change q/q 2007 1,616,215 9.5% 1,569,890 6.4% N.A. Q2/07 380,113 8.4% 371,931 6.2% 1.5% Q1/08 410,155 9.8% 396,716 7.3% 2.0% Q2/08 404,141 6.3% 387,676 4.2% -1.4% Source: CS&D







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