For Hong Kong, downgrades, geopolitical tensions, continuing high interest rates, poor stockmarket returns and underwhelming gross domestic product GDP were the hallmark features of 2023.
2024, meanwhile, could bring even greater volatility.
Earlier in December, Moody’s rating agency downgraded the outlook on Hong Kong's credit rating to negative from stable following a similar change for China the first time Hong Kong had lost its stable rating outlook since January 2020.
Also, the Hong Kong government expects the Special Administrative Region SAR to post 3.2% growth in gross domestic product GDP, narrowing an earlier forecast of 4 to 5%.
The GDP...
¬ Haymarket Media Limited. All rights reserved.
