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Hong Kong Dives into Recession as Economy Shrinks

  • Writer: Admin
    Admin
  • Nov 4, 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.



- APMR Epress News



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