The Ministry of Finance of Hong Kong prepares for GDP growth delay to 1-2%

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Reduction of inflow of tourists and volumes of export can lead h1 to delay of growth rates of economy of Hong Kong in 2016 to 1-2%. About it, acting today in parliament, the Minister of Finance of Hong Kong John Cang warned.

level Predicted by it is the lowest at least since 2012, reports "Finmarket" .

B 2015 the economy of Hong Kong grew by 2,4%. In IV quarter lifting made only 0,2% in comparison with the last quarter.

"Internal consumption, and also trust of investors suffered from the uncertainty concerning further increase of a base interest rate in the USA, and also because of deterioration of the global economic forecast — Cang specified. — Economy of Hong Kong many risks forthcoming year wait, the forecast hardly can be considered promising".

of Sale of the Hong Kong retailers 2 years in a row in connection with reduction of the Chinese tourists decrease, the housing market also has serious problems — housing prices in Hong Kong fell to 11% since September, 2015.

Seeking to support economy, the Hong Kong Ministry of Finance reduced taxes for small and medium business, cancelled a payment for the license for travel agencies, hotels and the restaurants suffering from easing of tourist activity.