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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%.
In the final quarter of 2018, the German economy stalled, narrowly dodging recession because the fallout from global trade clashes and Brexit threatened to heavily impact a decade-long expansion in the EU’s number one economy…
In January, the annual rate of inflation in Great Britain went down to 1…
The levels of retail sales and core retail sales for the US will be released on February 14 at 15:30 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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