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If applied, these tariffs could disrupt world wide trade flows and speed up trade diversion procedures, most likely impacting Hong Kong’s export functions above the following twelve months.
4. Use: A weaker Hong Kong dollar can help the battling retail sector but shifts towards encounters around luxurious goods and mainland procuring may possibly limit recovery.
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However, the threat of tariff rises, coupled with issue more than developing geopolitical uncertainties somewhere else on the globe, both of those played a part in the greater cautious sentiments expressed by Hong Kong exporters as part of the 4Q24 HKTDC Export Self esteem Index.
If this comes about, it truly is extensively predicted that world wide trade flows will likely be adversely affected, when the entire process of trade diversion are going to be inevitably accelerated. In almost any these types of scenario, Hong Kong could moderately assume its possess export activity being impacted.
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Simultaneously, buyer profits are expected to get bolstered with the start of a whole new era of AI-integrated smartphones, PCs and other digital units.”
The initial produced figures are referred to as "progress estimates". The progress estimates consist of the actual progress of Total GDP and its significant expenditure factors. When much more data grow to be offered, the progress estimates might be revised.
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They also must often have interaction with shoppers and prospective buyers to higher understand tendencies each in Hong Kong and in other places,” Ip suggested.
Fifty-six % of the surveyed respondents rated Hong Kong’s Intercontinental competitiveness as higher, though 31 % ranked the town’s tax technique as the largest good contributor to town’s financial and company environment in 2025.