02-05-2025
Hong Kong Q1 GDP expands 3.1% y/y, faster than forecast
Containers are seen inside a container terminal at Kwai Chung district in Hong Kong, China May 30, 2016. Picture taken May 30, 2016. REUTERS/Bobby Yip Purchase Licensing Rights, opens new tab
HONG KONG, May 2 (Reuters) - Hong Kong's economy grew in the first quarter by 3.1% from a year earlier, official advance estimates showed on Friday, expanding for a ninth quarter.
That was a faster rate than the mean forecast of 2.1% year-on-year growth by six economists in a Reuters poll. Hong Kong reported 2.4% economic growth in the final quarter of 2024, 1.9% growth in the third quarter, 3.1% growth in the second quarter and 2.8% growth in the first quarter.
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