HK Economy- Highlight
13 Dec 2018
The global economy may encounter increasing uncertainties and slower growth in the year to come. While the world’s cyclical economic recovery may warrant an optimistic outlook over the short-term, there is also an awareness that rising trade protectionism and geopolitical friction may undermining long-term growth. According to the HKTDC Export Index, 51% of exporters expect their sales to increase or remain unchanged over the coming year.
The HKTDC Export Index edged down slightly by 0.6 points to 35.2 in 4Q18, suggesting more stable exporter sentiment, amidst on-going China-US trade friction. Looking ahead, concerns over slower export growth is likely to last into the new year, with nearly half of respondents (49.2%) worried that overall sales will decrease in 2019.
To explore how Hong Kong and other Guangdong cities can use the opportunity arising from the Bay Area initiative for co-operation and development in innovation and technology, HKTDC Research conducted a study in Guangdong and collected views from local commerce officials and companies. RoboSense provides an excellent illustration of how Hong Kong can help mainland science and technology innovation enterprises develop.