Accountants bullish on HK

Business | Tracy Hu 12 Jan 2018

About 32 percent of respondents expect a good economic performance for Hong Kong this year, which is a big leap from last year's 5 percent, according to a report from the Association of Chartered Certified Accountants.

And for respondents who expect poor or very poor performance, it drops from last year's 37 percent to 8 percent.

The survey, which polled more than 330 members, found respondents are significantly more optimistic about Hong Kong's economic performance in 2018 due to four positive factors: China economic growth, low interest environment, US economic recovery, and "two-tier profits tax system" as introduced in the latest Policy Address.

It shows over 60 percent of respondents expect a 2-4 percent gross domestic product growth this year and 7 percent expect a GDP growth of more than 4 percent.

Tracy Hu

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