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ADB predicts Hong Kong's economy to grow 2.5 percent in 2019

Christian Fernsby ▼ | April 3, 2019
The economy of Hong Kong will grow 2.5 percent this year, the Asian Development Bank (ADB) forecast on Wednesday.
Hong Kong
Asia   The forecast is lower than the growth at 3 percent in 2018
The forecast for Hong Kong is lower than the growth at 3 percent in 2018, mainly because of the global cycle, ADB Chief Economist Yasuyuki Sawada said while delivering the bank's annual publication Asian Development Outlook.

Hong Kong's economic growth rate will be 2.5 percent in 2020, according to the ADB report.

Despite increasing headwind, Asia's growth slowed slightly from 6.2 percent in 2017 to 5.9 percent in 2018, as global trade and economic activities decelerated at the end of the year, affecting many economies in the region, according to the report.