Hong Kong's economy grew at a faster pace in the first quarter of 2026, as initially estimated, the latest data from the Census and Statistics Department showed on Friday.
Gross domestic product advanced 5.9 percent year-over-year in the first quarter, following a 4.0 percent growth in the fourth quarter. Moreover, this was the strongest expansion since the second quarter of 2021. That was in line with the flash data published on May 5.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.