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Hong Kong's Economy Expected to See Up to 3.5 Percent Growth in 2026
(MENAFN) Hong Kong's economy is forecast to expand between 2.5 percent and 3.5 percent in 2026, buoyed by mainland China's economic momentum and surging demand for artificial intelligence-driven products, Financial Secretary Paul Chan said Wednesday.
Delivering the 2026-27 budget, Chan said the assessment was grounded in both global and local economic conditions, with the Chinese mainland positioned as a pivotal engine of regional and international growth — offering firm backing for Hong Kong's economic trajectory.
Beijing's commitment to rolling out more proactive macroeconomic policies this year — centered on expanding domestic demand, sustaining high-quality development, and maintaining stable economic growth — would generate favorable conditions for Hong Kong, Chan noted.
The financial secretary also pointed to technology-driven trade as a key tailwind, citing robust investment in artificial intelligence and emerging technologies as forces continuing to underpin trade expansion across Asia. He projected steady growth in Hong Kong's goods exports and domestic demand, with improvements in business sentiment and anticipated interest rate cuts expected to further energize asset markets and investment activity.
On the inflation front, Chan projected Hong Kong's underlying inflation rate at 1.7 percent and the headline rate at 1.8 percent for 2026. Looking further ahead, the economy is estimated to grow at an average of 3 percent annually in real terms between 2027 and 2030, with underlying inflation averaging 2 percent per year over the same period.
The outlook builds on a solid foundation — official data confirmed Hong Kong's economy expanded 3.5 percent in 2025, marking its third consecutive year of growth.
Delivering the 2026-27 budget, Chan said the assessment was grounded in both global and local economic conditions, with the Chinese mainland positioned as a pivotal engine of regional and international growth — offering firm backing for Hong Kong's economic trajectory.
Beijing's commitment to rolling out more proactive macroeconomic policies this year — centered on expanding domestic demand, sustaining high-quality development, and maintaining stable economic growth — would generate favorable conditions for Hong Kong, Chan noted.
The financial secretary also pointed to technology-driven trade as a key tailwind, citing robust investment in artificial intelligence and emerging technologies as forces continuing to underpin trade expansion across Asia. He projected steady growth in Hong Kong's goods exports and domestic demand, with improvements in business sentiment and anticipated interest rate cuts expected to further energize asset markets and investment activity.
On the inflation front, Chan projected Hong Kong's underlying inflation rate at 1.7 percent and the headline rate at 1.8 percent for 2026. Looking further ahead, the economy is estimated to grow at an average of 3 percent annually in real terms between 2027 and 2030, with underlying inflation averaging 2 percent per year over the same period.
The outlook builds on a solid foundation — official data confirmed Hong Kong's economy expanded 3.5 percent in 2025, marking its third consecutive year of growth.
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