Ending a long and severe long recession, Hong Kong's economy grew at the fastest pace in more than a decade in the first quarter of 2021, underpinned by robust exports, advance estimate from the Census and Statistics Department showed on Monday.
GDP grew 7.8 percent from a year earlier, in contrast to the decrease of 2.8 percent in the fourth quarter. This was the first growth since the second quarter of 2019 and the biggest expansion since the first quarter of 2010.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.