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OCBC Bank maintains its forecast of Hong Kong's annual GDP growth of approximately 2.3% and expects limited downside for the most favorable interest rates.
OCBC Bank's Chief Economist Selena Ling stated that the global economy is currently in a more synchronized loose monetary policy, but the risk of a US economic recession has not completely disappeared. Before the results of the US presidential election are announced, the global financial market and real economy will continue to face a series of uncertainties, and it is expected that the competition between the US and China will continue until 2025. OCBC Bank predicts that China's GDP will grow by about 5% for the whole year, and Hong Kong's GDP will grow by about 2.3%, which is the same as the bank's prediction announced in May. The bank also expects that the Federal Reserve will cut interest rates by a total of 50 basis points starting this month (September). As for the United Kingdom and Europe