IMF Upgrades Hong Kong's Economic Growth Forecast for This Year to 3.8%; Paul Chan Says Government's View Is More Optimistic

The International Monetary Fund's latest forecast upgrades Hong Kong's economic growth for this year to 3.8%, while global economic growth slows from 3.5% last year to 3.1% this year. Financial Secretary Paul Chan, citing the forecast, says Asia's overall growth remains markedly faster than the global rate, and says the government's view on Hong Kong is a little more optimistic.