Hong Kong's GDP up 3.6 pct in Q3

Source: Xinhua| 2017-11-10 19:20:02|Editor: Liangyu
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HONG KONG, Nov. 10 (Xinhua) -- The Hong Kong Special Administrative Region (HKSAR) Government Friday announced that Hong Kong's economy expanded by 3.6 percent in the third quarter of 2017.

The HKSAR government released the Third Quarter Economic Report 2017, together with the preliminary figures on Gross Domestic Product (GDP) for the third quarter of 2017.

The figures showed that Hong Kong's economy continued to expand notably in the third quarter of 2017, by 3.6 percent in real terms over a year earlier, following the 4.1 percent growth in the first half of the year.

Benefiting from a broad-based global economic upturn, Hong Kong's total exports of goods saw a year-on-year growth of 5.5 percent in real terms in the third quarter.

Taking into account the actual growth outturn of 3.9 percent in the first three quarters of 2017, and as the economy is poised to attain further solid growth in the rest of 2017, economic growth for 2017 as a whole is now forecast at 3.7 percent, higher than the mid-point of the range forecast of 3 to 4 percent announced in August, the HKSAR government said.

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