News Snapshot:
HK maintains 2021 GDP forecast of 3.5-5.5pct in latest outlook update Globaltimes | 5:02 AM Hong Kong’s GDP saw an increase of 7.9 percent in the first quarter this year, the Hong Kong Special Administration Region (HKSAR) government said at a press conference for the release of the revised figures on Friday, ending six straight quarters of declining growth. The government also maintained its annual GDP forecast for 2021 in the range of 3.5-5.5 percent, unchanged from the city’s budget report, citing uneven recovery and uncertainty related to the pandemic. The actual reading “can hopefully be near the upper end...
