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Finance chief expects Hong Kong’s unemployment rate to stabilise or even decline

Hong Kong’s unemployment rate, which recently hit a three-year high of 3.9 per cent, is expected to stabilise or even decline as the economy gains positive momentum, according to the city’s financial chief. Financial Secretary Paul Chan Mo-po expressed optimism on Sunday following the government’s revision of its gross domestic product (GDP) growth forecast for 2025 from 2 to 3 per cent, to 3.2 per cent. This revision takes into account the actual growth of 3.3 per cent recorded in the first...


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