0036 GMT - The significant uncertainty around U.S. tariff plans may cause headwinds to Hong Kong's GDP growth, Goldman Sachs economists say. Preliminary figures for the city's 4Q GDP growth came in slightly above consensus expectations, with the GS economists attributing the increase in on-year growth to a smaller drag from private consumption and improved trade balance. "A stronger starting point would imply a higher 2025 full-year GDP growth," they say, but trade uncertainty looms. Taken together, GS raises its 2025 real GDP growth forecast for Hong Kong slightly to 2.2% from 2.0%. Full GDP data is due on Feb. 26 when the next budget is announced. (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
February 03, 2025 19:36 ET (00:36 GMT)
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