Economy / Hong Kong
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Macroeconomic Forecast Hong Kong
April 2008 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Despite exports rising by a faster-than-expected 7.6% y-o-y in February, the outlook for Hong Kong's merchandise trade remains increasingly uncertain, as weakness across the territory's major trading partners persists. Full year export growth decelerated to 9.2% in 2007, from 9.4% in 2006 and 11.8% in 2005, and we expect this slowing trend to continue in 2008, forecasting export growth of 7.0% as demand from the US, UK, Japan and eurozone continues to soften. However, demand from mainland China will ensure exports remain supported.