Economists from Barclays expected Q1 GDP to contract 0.9%
while Natixis and Hang Seng Bank forecast a growth of 1.1% and
2.5%, respectively. The city's economy shrank a revised 4.1% in
the fourth quarter of 2022.
(Reporting by Twinnie Siu and Donny Kwok; Editing by Louise
Heavens)
HONG KONG, May 2 (Reuters) - Hong Kong's economy grew
2.7% in the first quarter from a year earlier, advance
government data showed on Tuesday, snapping four consecutive
quarters of contraction thanks to a revival of domestic economic
activities and inbound tourism.
The data confirmed a figure provided by Hong Kong leader
John Lee earlier in the day ahead of the official release.
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