Core Viewpoint - Standard Chartered Bank has raised its forecast for Hong Kong's economic growth in 2025 from 2.2% to 2.8%, nearing the upper limit of the Hong Kong SAR government's forecast [1][3]. Economic Growth Forecast - The bank has also adjusted the year-on-year economic growth rates for the third and fourth quarters of this year to 3.2% and 1.8%, respectively [1][3]. Factors Influencing Growth - The recovery of business confidence in Hong Kong during the third quarter is attributed to a stabilization in external market uncertainties, steady export growth from July to August, and an improvement in retail sentiment [1][3]. - The financial market remains vibrant, and there are signs of stability in the property market, reflecting a relatively stable external environment positively impacting economic growth [1][3]. Trade Relations and Government Support - The ongoing Sino-U.S. trade tensions may continue into the fourth quarter; however, robust economic growth in mainland China and supportive measures from the Hong Kong SAR government are expected to mitigate some adverse effects [1][3].
渣打银行上调香港全年经济增长预测至2.8%