Bloomberg News

Hong Kong 2012 Export Growth May Slow to 1%, Council Forecasts

December 29, 2011

Dec. 29 (Bloomberg) -- Hong Kong exports will slow next year as European consumers cut back amid the region’s debt crisis, the government-backed Hong Kong Trade Development Council said today.

Shipments will grow about 1 percent in 2012, compared with the 10 percent increase in 2011, the council told reporters in Hong Kong today.

Exports from the city are likely “to remain lackluster in 2012 due to a slow recovery in the U.S. and a worsening debt crisis in Europe,” said Daniel Poon, assistant chief economist at the council.

--Editors: Anjali Cordeiro, Dave McCombs

To contact the reporter on this story: Vinicy Chan in Hong Kong at vchan91@bloomberg.net

To contact the editor responsible for this story: Stephanie Wong at swong139@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus