- Hong Kong real gross domestic product +0.2 per cent on a seasonally adjusted basis in Q1 2013, down from 1.4 per cent in Q4 of 2012
- HK officials maintain their forecast for GDP to grow by 1.5 to 3.5%this year
- Inflation expected to edge up in the coming months, but full-year inflation still forecast at 4.2 per cent
- Yen depreciation could be impacting on HK’s exports
Economic growth slows in first quarter as inflation looms
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Poor growth in Hong Kong could well be a sign of continuing lower than expected growth in China. This could be construed as a negative for the Australian dollar, for example, although the relatively subdued inflation numbers out of China this last week could allow further government stimulus to counter expected growth concerns.
