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Hong Kong Bankers' Association: cautiously optimistic about this year's economic outlook for Hong Kong, with stable interest rates.
The President of the Hong Kong Association of Banks, Chan Wai-yee, stated that this year the overall economic momentum in Hong Kong's market has started off well, with a vibrant atmosphere in the Hong Kong stock market, leading to improvements in many Consumer and investment sentiments.
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Mastercard Economic Research Institute expects Hong Kong's GDP growth to slow to 2.2% this year.
The Mastercard Economic Research Institute forecasts that Hong Kong's economic growth will slightly slow from 2.5% in 2024 to 2.2% in 2025. The institute maintains its prediction for mainland China's GDP growth at 4.5% in 2025, which is roughly in line with the official target of 5%, though the risks are tilted upward. The mainland recorded a real growth rate of 5% in 2024. This forecast is mainly supported by factors such as Peking's commitment to support household Consumer spending, improvements in the operating environment for private enterprises, and the potential recovery of the Real Estate market driven by favorable base effects. Additionally, mainland China's pragmatic approach to tariffs.