|
|
| |
| Hong Kong's economy grows 8.2 pct. in 3Q |
|
| DateTime :
2005-11-28 12:37:24 Hits : 3 { Print } { Return } |
| |
Hong Kong's economy grew a robust 8.2 percent in the third
quarter from a year ago, boosted by strong exports, consumer
spending and gains in machinery and equipment investment, the
government said
Friday.
That was
stronger than market expectations, which had centered on a
growth rate of 6
percent.
The Chinese
territory's gross domestic product -- the value of all goods
and services produced locally -- accelerated from a revised
7.3 percent growth in the second
quarter.
"This
is a very robust figure and I'm pleased to say the GDP growth
is pretty much all around growth," Financial Secretary Henry
Tang said as he announced the
figures.
But
he said fourth-quarter growth would likely slow to 6.2
percent.
"I do
believe higher interest rates, higher energy costs, as well as
other external factors will put a dampening effect on
fourth-quarter growth," Tang
said.
Still,
responding to a stronger-than-expected 7.3 percent expansion
in the economy in the first nine months of the year, the
government raised its forecast for full-year GDP growth to 7
percent from the previous 4.5 percent to 5.5 percent
range. |
| |
|
| DateTime :
2005-11-28 12:37:24 Hits : 3 { Print } { Return
} | |
 | |
