Fitch Affirms HK at AA-, Foresees Econ Growth at 3.5% This Yr
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Fitch Ratings has affirmed Hong Kong's Long-Term Foreign-Currency Issuer Default Rating (IDR) at AA- with a Stable Outlook, citing strong external finances and fiscal balance. The agency forecasts economic growth at 3.5% for this year, supported by global demand for AI-related products and increased tourism. However, growth remains vulnerable to geopolitical conflicts and trade tensions, with potential impacts from China's economic slowdown. Medium-term growth is expected to be between 2.5% and 3%.
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