Hong Kong’s GDP Grew Faster Than Expected Providing Fears of a Bubble

“Hong Kong raised forecasts for growth and inflation after the economy expanded 7.2 percent in the first quarter, the fastest pace in a year and more than any of the estimates in a survey of 17 economists.

The gain in gross domestic product from a year earlier, released by the government at a briefing today, compared with a revised 6.4 percent increase in the three months ended December 31. Analysts’ median estimate was for a 5.5 percent increase.”

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