While first-quarter activity proved better than expected, it was largely driven by a frontloading of exports — as companies tried to beat a 90-day tariff pause window — and a boost in tourism.
Hong Kong’s growth outlook was cut by a regional organisation, which urged the city to diversify its economy and trading partners to counter growing protectionism.
The Asian financial hub is set to expand 1.9% in 2025 from the prior year, according to the Asean+3 Macroeconomic Research Office (AMRO), a step down from the group’s 2.4% forecast just last month.
