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Investing.com -- Hong Kong’s economy recorded a 3.1% growth in the first quarter of this year compared to the same period last year, according to a government announcement on Friday.
This expansion was bolstered by an increase in exports of goods and services, as well as a resurgence in overall investment expenditure.
In the previous quarters of 2024, the economy saw varying rates of growth.
The fourth quarter witnessed a 2.5% growth, while the third quarter saw a 1.9% growth.
The second quarter had a 3.0% growth, and the first quarter had a 2.8% growth.
In a seasonally adjusted quarterly comparison, the economy expanded by 1.9% in the January-March period.
This indicates a steady upward trend in Hong Kong’s economic performance, underpinned by robust export and investment activities.
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