HONG KONG: The economy of Hong Kong in the third quarter grew at a faster pace than economists had forecast as a rebound in stock trading and the property market helped spur local spending. Gross domestic product expanded 0.6% in the three months to Sept 30 from the previous quarter, the government said in a statement on Friday. "The recovering property market contributed to some domestic activities," said Raymond Yeung, chief Greater China economist at ANZ Banking Group in Hong Kong. Hong Kong’s economy has proved more resilient than many feared, shaking off a contraction at the start of the year as a steady jobs market underpins demand. GDP growth for 2016 is now forecast at 1.5% -- the midpoint of the range of 1-2% announced in August.

Source: Bangkok Post November 11, 2016 11:12 UTC