https://sg.finance.yahoo.com/news/hong-kongs-third-quarter-gdp-growth-seen-cooling-031106075--business.html
After Japan announced its slowdown, HK is the next to declare that its economic growth will slow down significantly.
Furthermore, HK has to follow the US in hiking interest rates to contain its HKD fall since it is pegged to the USD.
A higher interest rate will cause HK to slow down further.
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