Hong Kong’s export growth prospects

Hong Kong is the 44th largest economy in the world.

Hong Kong can expect 2% export volume growth in 2016 according to a study by the Hong Kong Trade Development Council (HKTDC).

The organisation this week reported that weak global economic growth would however place pressure on the value of Hong Kong exports in the coming few months as spending the world over would be conservative.

According to the HKTDC, with oil and commodity prices expected to remain weak on the back of a strong dollar, retailers and importers will be cautious with their order quantities in 2016 resulting in flat growth.

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