Hong Kong’s economy in the first quarter of 2014

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The volume of Hong Kong’s economy in the first quarter of 2014 increased by 0.2% compared to the previous months, when there was an increase by 0.9%, Bloomberg reported.

In annual terms, growth in GRP of Special Administrative Region of China slowed down from 2.9% in the 4th quarter to 2.5% in January-March.

Analysts interviewed by Bloomberg, expected the first indicator growth by 0.4%, the second – by 3%. The annual growth rate of Hong Kong’s households and investment companies significantly slowed down from 3.6% to 2% and from 5.3% to 3%, respectively. Increase of public spending, contrary, accelerated from 2% to 2.4%.

Source: AFN