Hong Kong in Recession as Economy Shrinks
- Admin
- Nov 1, 2019
- 1 min read
Hong Kong fell in technical recession after economy shrank for two consecutive quarters.
The domestic economy shrank 3.2% in the third quarter from the previous quarter, according to data released by government today. The gross domestic product drop between July and September followed a 0.4% drop in the second quarter. The GDP in the third quarter was 2.9% lower than the same quarter a year ago, the lowest in a decade.
- Staff Reporter

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