Hong Kong expects GDP growth of 2.5%-3.5% in 2026, focusing on reducing the fiscal deficit

LootboxPhobia · 2026-02-25T05:24:26+00:00

Hong Kong Financial Secretary Paul Chan Mo-po predicted in the annual budget that Hong Kong's economy will grow between 2.5% and 3.5% this year, and he hopes to restore fiscal health. Despite facing global economic challenges, the government will increase investment in technology and artificial intelligence to promote integration with China's plans and develop its own five-year plan.

LootboxPhobia

2026-02-25 05:24:26

Abstract generation in progress

Investing.com – Hong Kong Financial Secretary Paul Chan said during his annual budget speech on Wednesday that Hong Kong expects this year’s economic growth to be between 2.5% and 3.5%, and the government anticipates a return to stronger fiscal health after several years of budget deficits.

Chan stated that the economy of this financial center will remain active throughout 2026, marking a shift toward improving fiscal conditions.

Looking ahead, Chan acknowledged ongoing challenges, including protectionism among major economies and the continued fragmentation of the global economy. However, he pointed out that the rise of the “Global South” and changes in global trade and investment patterns will open new markets and growth opportunities for Hong Kong.

Chan said the government is increasing its focus on technology and artificial intelligence to strengthen integration with China’s national policy framework, the “Five-Year Plan.” This strategic shift comes at a time when the region faces trade tensions and economic challenges in China.

Chan announced that the Hong Kong Chief Executive will lead a cross-bureau, cross-departmental task force to coordinate with China’s 15th Five-Year Plan. He also stated that Hong Kong will develop its own first Five-Year Plan.

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