Hong Kong Weathers War Shocks With Fastest Growth Since 2021 (1)

Hong Kong’s economy expanded at its fastest pace in almost five years despite a global energy crisis unleashed by the war in Iran, thanks to an insatiable global demand for artificial intelligence along with an uptick in both consumption and investment.

Gross domestic product climbed 5.9% in the first quarter from a year earlier, according to an advance estimate released on Tuesday by the city’s Census and Statistics Department, exceeding China’s growth for the first time since the pandemic.

The figure topped the forecasts of all economists in a Bloomberg survey and marked an acceleration from 4% in the final ...