G Sachs Lifts HK 2026 GDP Forecast to 4.6% as 1Q26 GDP Far Beats Expectations
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G Sachs has raised its 2026 GDP growth forecast for Hong Kong to 4.6% from 2.4%, following a strong 5.9% YoY growth in 1Q26, surpassing expectations of 3.5%. The growth was driven by inventory accumulation and increased private consumption. However, G Sachs warns that the boost from inventory restocking may be temporary. Goods exports rose 23.8% YoY, while imports increased by 29.9%, leading to a wider trade deficit. Services export growth slowed to 3.5%.
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