Hong Kong Growth Likely Stronger Than Previously Expected -- Market Talk
Dow Jones
Aug 01
0406 GMT - Hong Kong's growth is likely to be stronger than previously expected after a solid 2Q print, Goldman Sachs economists say in a research note. The city's GDP expanded more than expected on an on-year basis in 2Q, mainly due to inventory restocking, GS notes. A better-than-expected start to the year and recovering consumption implies higher full-year growth. GS revises up its 2025 real GDP growth forecast to 2.6%, compared with 2.0% previously. They also raise their 2026 real GDP growth estimate to 1.8% from 1.7% previously. Markets await further GDP details, which are likely to be released mid-August. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
August 01, 2025 00:06 ET (04:06 GMT)
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