Hong Kong_ Real GDP growth slowed notably in Q3 on larger goods trade deficit
GDIRI·2024-11-03 17:16
31 October 2024 | 10:14PM HKT 2131d4eaf4cb4d50b1d51c8af07b64b4 Key numbers: Main points: Bottom line: The preliminary reading of 2024 Q3 Hong Kong GDP growth came in at +1.8% yoy, significantly below consensus expectations. In quarter-over-quarter seasonally-adjusted non-annualized terms, real GDP fell by 1.1% in Q3 2024 (vs. +0.3% in Q2 2024). The moderation of year-over-year growth is primarily due to a larger goods trade deficit in Q3, driven by slowed goods export growth. Looking ahead, goods export gro ...