Hong Kong Economy Grows 5.2% in Q3 as Expansion Reaches 15 Straight Quarters
Updated
Updated · South China Morning Post · Nov 3
Hong Kong Economy Grows 5.2% in Q3 as Expansion Reaches 15 Straight Quarters
3 articles · Updated · South China Morning Post · Nov 3
Summary
Hong Kong’s GDP rose 5.2% year on year in the third quarter, extending the city’s growth streak to 15 consecutive quarters, according to advance estimates released Tuesday.
The Q3 pace topped the second quarter’s 4.2% growth but trailed the first quarter’s 5.9%, leaving the first nine months up 5.1%—the fastest January-September expansion in five years.
Retail sales added support to the recovery, rising 6.4% in September.
Finance chief Paul Chan said the stronger economy would take time to feed through to the job market, underscoring a lag between headline growth and household benefits.