Hong Kong GDP (Q3 Preliminary)

Hong Kong’s economy expanded for the first time in over a year last quarter, thanks to fiscal stimulus and stronger foreign demand. Output is still well below its previous peak due to the double blow from protests and COVID-19. But with the virus now under control, few signs of a return in large-scale protests and restrictions on inbound tourism set to be partially lifted, we think the recovery will gain momentum in the coming quarters.

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