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Retail Atelier 2Q12

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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