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Coronavirus: Hong Kong economy rebounds sharply, posting 7.8 per cent growth in first quarter for 11-year high

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 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…

Read the original article at South China Morning Post

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