BofA Merrill Lynch expects HK's GDP growth to pick up to 1.7% yoy in 2017 from expected 1.5% in 2016 amid resilient external and domestic demand.
Going into 2017, relative stabilization in global growth should support regional trade flows and HK's exports, said the research house. On the domestic front, BofAML expects private consumption growth to remain relatively robust underpinned by resilient labor
market conditions.
But it noted that a faster-than-expected Fed rate hiking cycle could lead to tighter
financial conditions and pose downside risks to private consumption and investment.
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