China News Service, Hong Kong, July 5 (Reporter Zeng Ping Liu Chenyao) Many banks and real estate service companies released their investment outlook reports for the second half of 2021 in Hong Kong on the 5th. They believe that the new crown pneumonia epidemic is under control and the unemployment rate has improved in Hong Kong. The economy in the second half of this year will usher in further recovery.

　　HSBC Investment Management believes that the global economy is moving from the "recovery phase" of the economic cycle to the "expansion phase".

The output of the United States, China, and Asian industrialized countries has fully recovered.

Corporate profits rebounded sharply, and it is expected that corporate profits in 2022 will be higher than the level predicted before the epidemic.

　　Huang Boning, head of investment strategy and global wealth planning at Citibank, said that the world is undergoing the largest vaccination in history. As consumption returns, supply may fall short of demand, but long-term potential inflation does not seem to be overheated.

He expects global GDP to grow by 6.0% in 2021.

　　HSBC Investment Management believes that in the long run, the US inflation rate will stabilize at a level slightly higher than 2%.

This means that the Fed can maintain a moderate policy and may announce a reduction in the scale of quantitative easing in August this year, and will not initiate the first interest rate hike before the end of 2023.

Citibank expects the Fed to announce a reduction in debt purchases in September this year, starting in December, and raising interest rates in December next year.

　　As an export-oriented economy, Hong Kong's economy recovered significantly in the first quarter of this year. Real GDP grew by 7.9% year-on-year, reversing the six consecutive quarters of contraction. The Hong Kong Special Administrative Region government maintained its annual economic growth forecast at 3.3% to 5.5 %.

　　Huang Boning said that the unemployment rate in Hong Kong continues to improve, and the unemployment rate is expected to fall to 5.6% for the whole year.

Hong Kong's economic activities may recover further in the second half of the year, but the key is still when to clear customs.

He predicted that Hong Kong's actual economic growth this year could reach 6.2%.

　　The report released by CB Richard Ellis also stated that Hong Kong's economy experienced a significant recovery in the first half of this year after experiencing the longest and most severe recession in history.

Chen Jinping, the head of the research department in Hong Kong, said that due to the control of the local epidemic in Hong Kong and the gradual improvement in labor market sentiment, Hong Kong's economic prospects have become more optimistic.

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