Hong Kong Economy Grew 4.3% in Q1
Hong Kong's economy expanded 4.3% year on year in real terms in the first quarter, it was the highest growth rate since the second quarter of 2011. The comparison base in the last year was relatively low, the GDP measurement was affected by the civil movements undergoing in the city during the first quarter last year.
On a seasonally adjusted quarter-to-quarter comparison, real GDP grew by 0.7% in the first quarter, after three consecutive quarters of growth, averaging 1.2% per quarter, the acting government economist said.
Exports of goods grew by 2% year-on-year in real terms in the first quarter, marking the fastest growth quarter since the first quarter of 2013, data released by the government.
- APMR News