Hong Kong's economy grew steadily in the first quarter, reaching a new high in five quarters.

The Census and Statistics Department of the Hong Kong Special Administrative Region government released economic data on the 2nd, estimating that the local Gross Domestic Product (GDP) for the first quarter of 2025 rose by 3.1% year-on-year, an increase of 0.6 percentage points from the fourth quarter of last year, reaching a new high for five quarters. The economy grew by 2% on a quarterly basis, the highest growth rate in two years.