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.
(Reporting by Twinnie Siu and Donny Kwok; Editing by Himani Sarkar)
