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    News: 2024.07.12

    Bank of East Asia: Hong Kong economy continues to grow moderately

    The Economic Research Department of the Bank of East Asia issued its economic outlook for the third quarter of 2024, stating that Hong Kong's economy has continued its moderate growth trend in the second year of post-epidemic recovery. Following the economic growth of 3.3% in 2023, Hong Kong’s economy will grow year-on-year in the first quarter of 2024...

    Hong Kong’s economy continues to grow

    According to a report by the Economic Research Department of the Bank of East Asia, Hong Kong's economy will still maintain a moderate growth momentum in the third quarter of 2024. This continued growth trend is a positive signal after the epidemic, showing that Hong Kong's economy is gradually recovering.

    The impact of the epidemic on the economy

    Although the epidemic has had a certain impact on Hong Kong's economy, the economy has gradually stabilized thanks to the government's active response. With the gradual relaxation of epidemic control measures, Hong Kong's economic activities have gradually returned to normal.

    Outlook 2024

    According to the Bank of East Asia's forecast, Hong Kong's economy will continue to maintain moderate growth in the third quarter of 2024. This prediction is based on an in-depth analysis of the global economic situation and the Hong Kong market, and it is expected that the economy will continue to develop in a good direction in the future.

    The role of government policy

    In addition to epidemic control measures, the government's proactive policies have also played a positive role in the stable growth of Hong Kong's economy. Through the implementation of various policies, the government is committed to promoting economic development and laying a good foundation for Hong Kong's future prosperity.