Financial Secretary Paul Chan on Sunday said the city’s full-year economic growth forecast will be adjusted upwards following a stronger-than-expected 5.1 percent GDP growth in the first half of the year.

The revised full-year growth estimate is set to be released later this month.

Writing in his weekly blog, Chan pointed out that the Hong Kong economy has maintained growth for 14 straight quarters, thanks to buoyant external trade and resilient domestic demand.

The financial chief said robust global demand for artificial intelligence products, sustained external demand for financial and business services, and a surge in visitor arrivals will continue to drive exports of goods in the second half of the year.

He said these factors will bolster local consumption and investment climate.

However, Chan warned that economic trends in the second half would still be subject to external uncertainties, including geopolitical developments and US interest rate changes.

He said the government would remain highly vigilant in safeguarding economic and financial stability whilst striving to accelerate economic development.


Edited by Aaron Tam