Rising inflation, as well as supply chain disruptions, could also affect consumer confidence and business operations.Īccording to a study conducted by Hong Kong Trade Development Council (HKTDC), while Hong Kong's economy is facing challenges in the short-term due to the pandemic and global uncertainties, the city's strong fundamentals and continued commitment to innovation and internationalization will support long-term growth and resilience. Ongoing geopolitical tensions, particularly between the US and China, could impact the city's trade and investment flows. The city's financial sector is expected to remain a key driver of growth, supported by a robust regulatory framework and the implementation of new technologies.ĭespite the overall positive outlook, Hong Kong's economy may face some challenges in 2023. The government's stimulus measures, coupled with global economic growth, are expected to drive a rebound in trade, tourism, and investment. In 2023, Hong Kong's economy is likely to continue its recovery from the COVID-19 pandemic.
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