hong kong economy growth slows amid weak exports and domestic demand

Hong Kong's economy grew at its slowest pace in five quarters, expanding by only 1.8% in the third quarter compared to the same period last year.

The figure, released by the government, fell short of expectations from most economists surveyed by Bloomberg News, highlighting the ongoing challenges both externally and domestically.

The latest data shows a significant decline from the revised growth rate of 3.2% in the previous quarter. The slowdown is attributed to weakened exports and reduced consumer spending, reflecting the broader economic pressures facing the Asian financial hub.

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