Hong Kong economy likely to have expanded in Q4 2017, trade deficit to have remained steady in January

The Hong Kong economy is likely to have expanded in the fourth quarter of last year. According to a DBS Bank research report, the economy is likely to have grown 3.1 percent. Externally, trade figures held up well into the year-end. Meanwhile, on the domestic front, retail sales value grew on full-employment and a buoyant equity market.

Full-year real GDP growth is likely to have recovered significantly to 3.7 percent in 2017 from 2016’s 2 percent, stated DBS Bank. Exports and imports are likely to have risen 8 percent and 10 percent, respectively, in January. Meanwhile, trade deficit is expected to have remained stable at HKD 19.5 billion, as compared with HKD 12.3 billion a year earlier, added DBS Bank.

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