HONG KONG (Bloomberg): Hong Kong is finally turning the corner, with the economy expected to expand for the first time since 2019 as it slowly recovers from the pandemic and social unrest before that.
First-quarter gross domestic product probably increased 3.7% from a year earlier, according to the median estimate in a Bloomberg survey of economists, reversing a historic run of six straight quarters of declines. Quarter-on-quarter GDP growth, a better reflection of the economy’s momentum, probably accelerated to 0.7% from 0.2% in the fourth quarter.