सिंहदरबार संवाददाता
Agency. According to the advance estimate released by the Hong Kong Special Administrative Region Government, Hong Kong’s economy is expected to expand by 2.5 percent in 2024 as exports of goods and services continue to grow.
The territory’s gross domestic product grew by 2.4 percent in real terms year-on-year in the fourth quarter of 2024, according to data from the Census and Statistics Department.
Which is faster than the 1.9 percent growth in the third quarter. Total exports of goods have recovered in 2024 amid the recovery in external demand. Exports of services increased due to increased tourist arrivals and improvements in other cross-border economic activities.
Overall investment spending expanded broadly in line with the economy, but private consumption spending declined slightly due to changes in residents’ consumption patterns. Despite increasing uncertainty in the external environment, Hong Kong’s economy is expected to register further growth in 2025.
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