Hong Kong’s GDP to grow 3.5%-5.5% in 2023: financial secretary Paul Chan

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Victoria Harbor and Central Financial District, Hong Kong, China.

Ucg | Universal Images Group | Getty Images

Hong Kong’s economy is expected to grow 3.5%-5.5% this year after shrinking 3.5% in 2022, as it leaves behind Covid-19 restrictions that had isolated the city from the rest of the world, Financial Secretary Paul Chan said on Wednesday.

Chan gave the forecast while announcing the financial hub’s 2023/24 budget in the Legislative Council.

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