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News > Hong Kong GDP up 7.5% in Q2

Hong Kong GDP up 7.5% in Q2

Monday 02 August 2021

Hong Kong's economy is continuing to recover, albeit at a slightly slower than expected pace with little sign that the international finance hub's coronavirus pandemic isolation will end any time soon.

Gross domestic product rose 7.5 per cent from a year earlier in the second quarter according to data released by the government.

That compares to a revised 8 per cent growth in the previous quarter and is below a median estimate of 7.8 per cent by a Bloomberg survey of economists.

On a quarter-on-quarter basis, GDP shrank 1 per cent compared with Bloomberg's forecast contraction of 0.8 per cent.