A Mild Recovery Ahead

Economic Research	8 December 2016
Hong Kong
Economic Outlook
A Mild Recovery Ahead HK’s economy was supported by growing private consumption, recovery of external demand, rising domestic investment and steady expansion in building and construction works in 3Q16. Looking ahead, gradual global economic expansion and tight labour market would continue to support HK’s economic growth in 2017. Despite global economic challenges, we believe the Island’s economy is likely to improve modestly to 1.9% in 2017, vs 1.5% in 2016. Economist:  Zhang Fan| +8621 6288 9611 ext 105