HK Q3 GDP up 0.7 pct q/q, yearly f'cast revised up to 6.5 pct

HONG KONG, Nov 12 (Reuters) - Hong Kong's economic growth decelerated in the third quarter with gross domestic product rising 0.7 percent from the previous three-month period, slower than the 1.4 percent growth recorded for the second quarter of 2010. Compared with a year earlier, third-quarter GDP rose 6.8 percent, government data showed on Friday. The government revised up its full-year 2010 GDP forecast to 6.5 percent growth, from a previous forecast of 5-6 percent. It also lifted the full-year headline CPI forecast to 2.5 percent from 2.3 percent and the underlying CPI forecast to 1.7 percent from 1.5 percent. Hong Kong's economy has been recovering since the fourth quarter of 2009, but momentum slowed in the second quarter of this year when GDP rose 6.5 percent from a year earlier. (Reporting by Raymond Leung in Hong Kong; editing by Chris Lewis) ((Reuters Messaging:; +852 2843 6368)) Keywords: ECONOMY HONGKONG GDP (If you have a query or comment on this story, send an email to COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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