Government issues more warnings on economic slowdown

Exports must rebound sharply to recover.

The Hong Kong Government continues to issue more warnings on potential economic slowdown.

According to a research note from Barclays, speaking on a radio programme, Hong Kong Government Economist, Mrs Helen Chan, warned that unless the exports were to rebound sharply, it would be difficult for Hong Kong’s GDP to reach 3% for 2014.

On the housing market, she believes the latest statistics show that the risk of overheating appears to be rising and the government would closely monitor the situation.

The report said that she again reiterated her warning to potential home buyers that interest rates will eventually rise and there are associated risks.