Hong Kong projects buoyant economic growth to help narrow fiscal deficit
Financial Secretary Paul Chan expects the economy to grow up to 3.5 percent this year. The city will focus on tech and new markets to bolster its finances.
Hong Kong 
HK Financial Secretary Paul Chan delivered his annual budget speech today, projecting that the Hong Kong economy will grow by 2.5%–3.5% this year. During the address, Chan stated that the Hong Kong government expects to return to a more robust fiscal position following several years of budget deficits. This forecast sets the tone for the territory’s near-term economic trajectory as it seeks to stabilize its financial outlook.
HK Financial Secretary Paul Chan delivered his annual budget speech today, projecting that the Hong Kong economy will grow by 2.5%–3.5% this year. During the address, Chan stated that the Hong Kong government expects to return to a more robust fiscal position following several years of budget deficits. This forecast sets the tone for the territory’s near-term economic trajectory as it seeks to stabilize its financial outlook.
