, Hong Kong

Hong Kong's economy predicted to grow 3%

China was disappointing, says analyst.

For its 12-month outlook on Hong Kong, UBS Investment Research predicts the economy to grow 3.0% in 2013E.

Here's more from UBS Investment Research:

Growth will be slightly stronger this year. But China, instead of being an important source of stabilization for Hong Kong we envisaged earlier, has turned out to be a negative surprise. We now expect Hong Kong to grow 3.0% in 2013E.  

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