Hong Kong Guides for Solid Growth in 2026 as It Presents Latest Budget
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Hong Kong's economy is projected to grow solidly in 2026, with a GDP growth forecast of 2.5%-3.5% this year, according to Financial Secretary Paul Chan. The budget focuses on enhancing domestic consumption, supporting IPOs, and developing strategic sectors like AI. Key initiatives include a five-year economic plan, promoting high-tech sectors, and reforms in pension and tax policies. The fiscal position has improved, with a surplus reported for the 2025 financial year. The government anticipates an average GDP growth of 3% from 2027 to 2030, surpassing the past 20-year average of 2.4%.
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