HKMA Chief Yue Says Hong Kong Economy Been Doing 'Great'

The video discusses Hong Kong's economic recovery, highlighting a 2.7% growth in the first quarter and a significant increase in domestic consumption, driven by retail sales, tourism, and investment. The forecast for growth is between 3.5% to 5%. It also addresses the impact of interest rates on the property market, noting that despite rate increases, the market is rebounding due to factors like domestic demand and equity market returns.

What was the growth rate of Hong Kong's economy in the first quarter?

• 3.0%

• 1.5%

• 4.2%

• 2.7%

Which factor is NOT mentioned as a driver of Hong Kong's domestic growth?

• Domestic consumption

• Investments

• Tourist arrivals

• Government subsidies

What is the forecasted growth range for Hong Kong's economy?

• 4% to 6%

• 5% to 6.5%

• 2% to 3%

• 3.5% to 5%

How do interest rates in Hong Kong relate to the Federal Reserve?

• Hong Kong sets its own rates independently

• Hong Kong rates are higher than the Federal Reserve

• Hong Kong rates are unaffected by the Federal Reserve

• Hong Kong imports rates from the Federal Reserve

What was the percentage rebound in the property market in the first three months of the current year?

• 3%

• 5%

• 7%

• 10%