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Hong Kong's economy sees 7.8-pct rebound in Q1

Hong Kong's economy surged by 7.8 percent year on year in the first three months of this year, bringing an end to prolonged contraction since the third quarter of 2019. (DotDotNews)

Hong Kong's economy surged by 7.8 percent year on year in the first three months of this year, bringing an end to prolonged contraction since the third quarter of 2019.

The stellar figure, rebounding from a 2.8-percent decline seen in the October-December period last year, was mainly powered by fast-recovering exports and the low base of comparison a year ago, the Census and Statistics Department said Monday in a statement.

The global financial center had been reeling from the double whammy delivered by social unrest in 2019 and the COVID-19 epidemic.

(Source: Xinhua)

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