Victorious Boris Johnson
Boris Johnson have won the UK Parliament elections. What does that mean for the Forex market? The article takes the first look at the answers.
Hong Kong's economy slows in the third quarter
In the third quarter Hong Kong's trade-reliant economy demonstrated slower surge, although strong consumption as well as rebounding exports led the authorities to nudge up its surge outlook for 2017.
Underpinned by ascending retail sales, a recover in mainland tourist arrivals and also firm global trade, the city’s economy rallied a seasonally-adjusted 0.5% for the third quarter versus upwardly updated 1.1% surge previously.
From 2016 the city’s economy managed to expand 3.6% for the third quarter versus revised 3.9% ascend in the second quarter. Market experts had predicted an expansion of 3.5%.
The still-solid momentum puts the ex-UK colony strongly on track to meet the government's updated full-year estimate of 3.7% surge for this year. It’s because buoyant stock as well as property markets assisted in driving consumer spending.
In October, market experts had hoped for a full-year surge of about 3-4%.
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