Hong Kong finance chief says economy grew in third quarter, warns of external risks

AI Summary

Hong Kong’s economy grew in the third quarter, supported by exports and tourism, according to Financial Secretary Paul Chan Mo-po. He reiterated a full-year growth forecast of 3.5% to 4.5% while warning that Middle East conflict, inflation and other external risks could weigh on the outlook.

Hong Kong’s economy continued to expand in the third quarter of this year, driven by strong exports and tourism, the city’s finance chief has said, while warning of risks including the war in the Middle East and inflation. Financial Secretary Paul Chan Mo-po also reiterated his confidence that the economy would grow by between 3.5 per cent and 4.5 per cent this year. He was speaking during a Legislative Council debate on the city’s first five-year plan and annual policy address. He noted that...