PRINT THIS PAGE M&A in Hong Kong05/04/2005. Source: PricewaterhouseCoopers.
General partners can take heart from the fact the Hong Kong economy continued to perform well in the latter part of 2004 with the Hong Kong Government revising their estimated 2004 annual Gross Domestic Product growth rate up by 1.5% from 6.0% to 7.5% in August 2004 following the announcement of the biggest quarterly growth since 2000, PricewaterhouseCoopers finds. The high GDP growth rate in Q2 2004, which was affected by the low comparative figure due to SARS in 2003, was followed by encouraging growth of 7.2% in Q3 2004.
The upturn of the economy was despite the significant increase in the world crude oil price close to the US$50 mark per barrel. The Hong Kong economy continued to benefit from the continuous strong growth of the economy in Mainland China and strong global demand, which has seen a strong double-digit growth in monthly total exports since February 2004.
Click here to view full report (pdf 36kb) You need Adobe Acrobat to read this document. If you do not have it, you can download it free from www.adobe.com/products/acrobat/readstep.html
PricewaterhouseCoopers (http://www.pwcglobal.com) is the world's largest professional services organisation. Drawing on the knowledge and skills of more than 150,000 people in 150 countries, we help our clients solve complex business problems and measurably enhance their ability to build value, manage risk and improve performance in an Internet-enabled world.
|
