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Hong Kong's economy is supposed to have clocked firm surge in the third quarter, underpinned by ascending retail sales, a leap in tourists from mainland China as well as sturdy global trade.
The ex-UK colony has demonstrated brighter economic data for the last few months because buoyant stock as well as property markets helped to spur consumer spending, assisting the government to lift its full-year surge outlook to about 3-4%.
The city’s economy is supposed to have grown 3.5% during the third quarter from 2016, versus 3.8% in the previous quarter, according to the median estimate of five experts polled by Reuters.
One expert with a quarter-on-quarter estimate actually expects the city’s economy to have ascended a seasonally-adjusted 0.6% during the third quarter versus 1% surge in the April-June quarter.
In general, Asian economies highly dependent on trade have managed to derive huge benefits in 2017 from an improvement in demand worldwide.
In December, new orders for major American capital goods suddenly slumped in the face of decreasing demand for machinery as well as primary metals, indicating a sustained deceleration in business spending on equipment, which could further impact economic…
American mortgage applications tacked on for the first time for five weeks because most home borrowing costs kept to their lowest value for 10 months…
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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