Hong Kong revised growth expectations to the lowest end of its previous forecast, showing mounting pressures from weaknesses in exports and consumption.

Hong Kong's economy expanded by 1.8% in the third quarter from a year earlier, the government said on Friday, adding that it should continue to grow for the remainder of the year, although at a forecast 2024 rate of 2.

Hong Kong’s economic growth forecast for 2024 has been downgraded to 2.5 per cent after a weaker-than-expected third quarter expansion of 1.8 per cent year on year. The latest official data released on Friday showed the full-year forecast was at the lowest point of the government’s previous range of between 2.