HONG KONG

Continuing Economic Growth Seen: Hong Kong’s economy continued to grow steadily in the third quarter, spurred by rising re-exports, but inflation is likely to remain in double digits for the rest of the year, a government economist said. K. Y. Tang said the forecast gross domestic product growth rate in real terms remained unchanged at 4%, as did the forecast inflation rate of 12%. For the third quarter, the GDP growth rate was probably in the region of 3.5% to 4%, against an estimated 3.6% in the second quarter and 4.3% in the first quarter, Tang said. Tang remained pessimistic about inflation, which reached a 10-year-high of 13.9% a year in April but eased to 11.5% in September.