Sou Hu Cai Jing·2025-12-18 05:48Group 1 - The Hang Seng Bank's economic research department has raised Hong Kong's GDP growth forecast for this year to 3.2% and expects growth to reach 2.5% next year [1] - The bank indicates that the positive effects of foreign trade are gradually diminishing, and the driving force from "export grabbing" is weakening, along with a high base effect, which will lead to a slowdown in economic growth next year compared to this year [1] - Local demand is expected to continue its initial rebound trend, and the expansion of economic recovery is key to stimulating business and consumer confidence [1] Group 2 - Hong Kong has benefited from increased global liquidity this year, but the end of the rate-cutting cycle by major central banks may pose certain risks [1] - The bank anticipates that the Federal Reserve will cut rates twice next year, provided that the stance of Powell's successor is dovish [1] - The Hong Kong Interbank Offered Rate (HIBOR) may slightly decline, positively impacting the property market atmosphere [1]