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Hong Kong's second-quarter GDP grows 0.6%, but trade war, mass protests to weigh

Hong Kong's second-quarter GDP grows 0.6%, but trade war, mass protests to weigh
Nearby buildings are reflected on the exterior of Exchange Square at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip   -   Copyright  BOBBY YIP(Reuters)
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HONGKONG (Reuters) – Hong Kong’s economy grew 0.6% in the second quarter from a year earlier, the government said on Wednesday, but the prolonged Sino-U.S. trade war and growing social unrest are increasingly clouding the outlook for the Asian financial centre.

The pace of growth in April-June was the same as the first quarter, but much less than an average forecast of 1.6% from five economists.

On a quarterly basis, the economy shrank by a seasonally adjusted 0.3%, compared with a revised 1.3% expansion in the first quarter.

The government is forecasting GDP growth of 2-3% this year, versus 3% in 2018.

(Reporting by Twinnie Siu and Donny Kwok; Editing by Kim Coghill)

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