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- The Hong Kong economy grew moderately in the second quarter of 2008, as external adversities weighed on regional growth. Exports and consumption expanded at a slower pace while business confidence remained positive. The labor market conditions remained firm. - Global economic growth is slowing down as exports of goods and services from major economies face challenging external conditions. Consumer demand and investment spending in Hong Kong expanded further but at a slower pace. - The unemployment rate remained at the lowest level of the past decade while earnings continued to rise, outpacing inflation.






















