HKU announces 2014 Q3 HK Macroeconomic Forecast

   Hong Kong Economic Outlook The APEC Studies Programme of the Hong Kong Institute of Economics and Business Strategy at the University of Hong Kong (HKU) released its quarterly Hong Kong Macroeconomic Forecast today (July 3).  According to its High Frequency Macroeconomic Forecast, real GDP in 14Q2 is estimated to grow by 2.9% when compared with the same period last year.  This is a downward revision from the previous forecast release of 3.7%.  This substantial revision mainly reflects the weak external demand caused by the cold winter in the North America.  In 14Q3, real GDP growth is forecast to be 3.4% when compared with the same period last year.