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Hong Kong’s GDP growth decelerated markedly to 0.4%
y-o-y in 1Q12 after posting a 3.0% growth in 4Q11, making
it the slowest growth recorded since the onset of the
Global Financial Crisis. Although this rapid loss of growth
momentum has raised concerns about the city’s fundamentals,
it can be attributed mainly to a fall in exports amid the eurozone
crisis and subdued demand from the US as domestic consumption
demand remained relatively strong.
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01 July 2012
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