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| Positive signs: Government Economist Helen Chan says Hong Kong's economy saw further improvement in the third quarter, with Real Gross Domestic Product growing 0.4%. |
Hong Kong's economy saw further improvement in the third quarter, with Real Gross Domestic Product growing 0.4% over the second quarter. The year-on-year fall in GDP in real terms narrowed to 2.4% from 3.6% in the second quarter.
With both domestic and external sectors likely to show further improvement in the fourth quarter, GDP for 2009 as a whole is now forecast to contract by 3.3% in real terms, up from the forecast drop of 3.5% to 4.5% in August.
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