Hong Kong Q2 GDP expands 1.5% y/y

HONG KONG (Reuters) – Hong Kong’s economy expanded 1.5% in the second quarter from a year earlier, government data showed on Friday, adding that inbound tourism and private consumption will remain the major drivers of economic growth for the rest of the year.

On a seasonally adjusted quarterly basis, the economy shrank 1.3% over April to June, the biggest drop since Q3 in 2022 when it was down 2.5%. That compared to a revised 5.4% growth in the January-March quarter.

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