Hong Kong’s finance chief has announced that the city is expected to experience moderate growth in the first quarter, with a GDP forecast ranging from 2.5% to 3.5%. This is a continuation of the trend seen in the previous four quarters, and follows on from a 3.2% expansion in 2023.
As part of its efforts to drive economic growth and attract more visitors, Hong Kong is planning to host mega events like fireworks displays during upcoming holidays such as China’s labor day holiday on Wednesday. It is estimated that around 800,000 visitors will come to the city for these events, which are seen as an important part of the strategy to boost tourism and drive economic development in Hong Kong.
The city is putting in considerable effort to maintain a steady pace of growth and attract visitors through these initiatives. This aligns with its overall goal of promoting economic development and creating new opportunities for businesses and individuals alike. With a focus on tourism and events, Hong Kong aims to continue its positive economic trajectory in the coming months.
