Hong Kong's economic growth is seen to reach 2.5% in the second quarter of 2025, driven by domestic demand, according to data from the University of Hong Kong released Wednesday.
The figure is faster than the 1.9% growth expected in the first quarter, HKU's APEC Studies Program of the Hong Kong Institute of Economics and Business Strategy said.
Spending during Q2 is seen to grow 1.9% despite the impact of structural changes in local consumption and higher cross-border spending, mild inflation, and interest rate cuts, HKU said.
Overall economic growth for 2025 is seen to range between 2.5% and 3%, in line with the previous forecast released in January.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.