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Hong Kong economy rebounds sharply, posting 7.8 per cent growth in first quarter


6 May 2021

Hong Kong’s economy rebounded with stronger than expected growth of 7.8 per cent in the first quarter of 2021, posting an 11-year high after a historic low a year ago amid the coronavirus pandemic.

The advanced forecast by the Census and Statistics Department on Monday showed a V-shaped rebound in the gross domestic product (GDP) from an all-time low of a 9.1 per cent contraction in the same period last year.

The performance was the best since the first quarter of 2010, when the economy grew 7.9 per cent. It also marked the end of a six-quarter decline, which began in the third quarter of 2019.

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