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Hong Kong : Industrial Snapshot - Q1 2013

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Hong Kong : Industrial Snapshot - Q1 2013

As a result of the turbulent external environment, the local economy had a lackluster year in 2012 with real growth domestic product (GDP) growth dropping to 1.4% from 4.9% in 2011. The slow-down was heavily underpinned by weakened trade activity amidst the ongoing uncertainties in Europe and the USA, the two major export destinations outside of Asia. Exports increased by a slim margin of 0.3% in the first two months of 2013 after expanding by 2.9% in 2012.

Source : Cushman & Wakefield

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