Economy of Hong Kong in the first quarter grew at the fastest rate since 2011

Hong Kong's GDP in the first quarter of 2018 grew by 4.7% in annual terms and showed the highest rate since the second quarter of 2011, according to official data. Experts had expected GDP to rise by 3.7%. Growth in the economy was boosted by high consumer spending, tourist activity, and the continued demand for exports from Hong Kong. The volume of the Hong Kong economy relative to the previous quarter increased by 2.2%, the maximum rate since the first quarter of 2011. The authorities of Hong Kong expect GDP growth in 2018 to be 3-4%, inflation - at the level of 2.2%.

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