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Hong Kong forecasts 2.5%-3.5% Q1 GDP rise

Hong Kong’s Finance Secretary, Paul Chan, announced on Sunday that the SAR’s gross domestic product (GDP) for the first quarter is anticipated to grow between 2.5% and 3.5%, marking the fifth consecutive quarter of moderate growth. The GDP data for January to March is set to be released on Thursday and is expected to align with the full-year economic growth forecast, as stated by Chan in his blog without further detail. To bolster growth, Hong Kong plans to host large-scale events such as fireworks displays to attract more tourists.

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