Hong Kong economy grows 6.4 per cent last year but Covid-19 pandemic ‘weighs on sentiment’


Source: scmp.com scmp.com

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Hong Kong’s economy grew 6.4 per cent last year but stringent social-distancing curbs amid the escalating fifth wave of the coronavirus posed a threat to the pace of recovery. The advance estimate by the Census and Statistics Department on Friday showed the year-on-year expansion in gross domestic product (GDP) was at the high end of the official forecast of between 5.5 and 6.5 per cent. Some Hongkongers calling for fresh round of vouchers, but economists not so sure In the fourth quarter, the city recorded growth of 4.8 per cent compared with the same period in 2020 on the back...