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Hong Kong Reopening Likely to Push GDP Growth Above Singapore’s

Posted on AllSides January 8th, 2023
From The Left

After a near-certain contraction last year for the third time since 2019, Hong Kong’s economy is coming back stronger this year and may even grow faster than rival financial hub Singapore for the first time in more than a decade. Economists are upgrading their forecasts for Hong Kong this year as the city accelerates its reopening with mainland China and the rest of the world. The median estimate in a Bloomberg survey of 12 economists last week was 3.3% growth for 2023, higher than the 2.7% forecast in a survey...

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