Economics

Hong Kong's Economy Continues to Defy Gravity

First quarter growth performance beat all economist estimates
Property, interest rates and China link pose risks for 2018

People look out from the waterfront in the Tsim Sha Tsui district as buildings across the Victoria Harbour stand illuminated at night in Hong Kong.
Photographer: Anthony Kwan/Bloomberg

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By Enda Curran, Eric Lam, and Alfred Liu

May 10, 2018 at 12:01 PM EDT

Updated on

May 11, 2018 at 5:17 AM EDT

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Hong Kong’s high-wire economy continued to defy gravity, putting aside fears of a tightening Fed to post its best quarter of growth in almost seven years.

Data Friday showed the Asian financial hub grew 4.7 percent from a year earlier in the first quarter, the highest reading since June 2011 and more than a percentage point above the highest economist estimate.

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