Hong Kong’s economic system expanded by 3.9% 12 months-on-yr in real terms in the first three quarters of 2017, after growing by 2% in 2016. The Equitablog posts about economic progress and equity in the United States, together with should read hyperlinks from around the web. Get analysis on financial and monetary-services coverage, plus a information roundup, delivered to your inbox each weekday. Dr. Constantinos Charalambous, an Assistant Professor of Economics at PA Faculty, is the On a regular basis Economist.
From the Altanta Fed: GDPNowThe GDPNow mannequin forecast for real GDP growth (seasonally adjusted annual charge) in the fourth quarter of 2017 is 3.four p.c on November 22, unchanged from November 17.emphasis addedFrom the NY Fed Nowcasting ReportThe New York Fed Workers Nowcast for 2017:This fall stands at 3.7%.From Merrill Lynch: We proceed to track 2.3% for 4Q. From Goldman Sachs: We revised up our This autumn GDP tracking estimate by a complete of three tenths to 2.6% (qoq ar) over the last weekCR Be aware: These forecasts are for Q4. The second estimate of Q3 GDP might be launched this week, and the consensus is that actual GDP increased 3.three% annualized in Q3, up from three.0% within the advance report.
DeLong is a Professor of Economics at U.C. Berkeley. It should considerably scale back the associated fee and time for travellers and for the move of goods between Hong Kong and the Western PRD, accelerating the financial integration of the PRD and its neighbouring provinces, and increasing its competitiveness. Popular topics: International economics and public policy. Hong Kong can also be a key offshore capital-elevating centre for Chinese language enterprises.
Free exchange is an economics weblog by The Economist. In December 2016, Shenzhen-Hong Kong Inventory Join, with comparable programme ideas and design, was launch to further facilitate two-approach funding flows and consolidate Hong Kong’s development as the global offshore RMB business hub. Danny Quah’s private weblog chronicles the shift within the world economic system in direction of the east, notably China.
These include analyzing facilitation measures to support the growth in transhipment, cross-boundary e-commerce and excessive value-added air cargo business in Hong Kong; exploring with the Chinese authorities methods to open up more channels for two-approach cross-border RMB fund flows and two-way participation of traders within the bond market; offering funding for universities and industry to conduct research and growth activities and to help begin-ups; and striving to additional improve air high quality, water high quality, inexperienced and blue belongings and waste administration.