Hong Kong's 'slowdown' is not the threat it seems

The front page of Saturday's South China Morning Post made sobering reading. Apparently Hong Kong's economy is slowing, even as inflation is mounting.

The trigger for this alarm call was the release on Friday of economic data for the first quarter of the year.

Viewed in year-on-year terms, growth was flat in the first three months of the year at 2.8 per cent. But in quarter-on-quarter terms - that is comparing the first quarter of this year to the last quarter of last year - Hong Kong's gross domestic product expanded by a feeble 0.2 per cent.

via Business feed http://www.scmp.com/business/article/1236292/hong-kongs-slowdown-not-threat-it-seems