This robust performance marks a significant increase from the 4.0% growth rate recorded in the final months of 2025.
The government officially maintained its full-year 2026 GDP forecast, targeting a range between 2.5% and 3.5% overall growth.
Private consumption and a revitalized tourism sector provided substantial domestic support for the city’s broadening economic recovery.
Quarterly data shows a 2.9% expansion from January to March, tripling the growth rate seen in the previous quarter.
Officials highlight strong global demand for advanced electronics and AI products as a primary driver for the export boom.
Financial services and cross-boundary business activities also maintain a steady upward momentum throughout the current fiscal year.
However, the government raised its inflation forecast to 2.6%, reflecting rising consumer prices across the regional trade hub.
Economic analysts view the city’s outlook as broadly resilient despite shifting global interest rates and evolving market conditions.
