HK’s Economy Grows Most Since 2023, Defying Trade Tensions (1)

Hong Kong’s economy expanded much faster than forecast in the third quarter, posting the strongest growth in nearly two years as resilient exports and recovering consumption offset trade tensions.

Gross domestic product grew 3.8% in July-September from a year earlier, according to advance estimates released Friday by the city’s Census and Statistics Department. The figure exceeded all forecasts by economists and accelerated from 3.1% in the second quarter.

The robust performance was driven by what a government spokesperson called a continued surge in exports and expansion in domestic demand. “Looking ahead, the Hong Kong economy should see further solid growth ...