Hong Kong’s economic growth exceeded forecasts in the second quarter, driven by rising exports and leading to an upward revision in its full-year growth expectations.
Official figures show the economy accelerated 1 per cent in the second quarter of the year compared to the same period in 2016, up from a quarterly pace of 0.7 per cent at the start of 2017. Analysts had expected a slight slowdown to 0.6 per cent in the three months to June.
On a year on year measure, GDP rose 3.8 per cent – above a 3.3 per cent forecast – and a moderation from the 4.3 per cent year on year registered at the start of the year. The first quarter expansion was Hong Kong’s best since 2011.
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