Hong Kong Economy Grows 5.2% in Q3, Beating 3.7% Forecasts
Updated
Updated · Bloomberg · Nov 3
Hong Kong Economy Grows 5.2% in Q3, Beating 3.7% Forecasts
3 articles · Updated · Bloomberg · Nov 3
Summary
Hong Kong’s GDP rose 5.2% from a year earlier in the third quarter, up from a downwardly revised 4.2% in the second quarter and marking the fastest pace in five years.
Exports and investment drove the surprise acceleration, pushing growth in the first nine months to Hong Kong’s quickest expansion in five years.
The advance estimate topped every forecast in a Bloomberg survey of economists, whose median projection had been 3.7%.