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Hong Kong plunges into recession

HONG KONG: Hong Kong on Thursday confirmed it had plunged into its first recession since the global financial crisis as months of seething prodemocracy protests and the USChina trade war exact a heavy toll on the financial hub

Updated At : 01:18 PM Nov 01, 2019 IST

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Hong Kong, October 31

Hong Kong on Thursday confirmed it had plunged into its first recession since the global financial crisis as months of seething pro-democracy protests and the US-China trade war exact a heavy toll on the financial hub. Gross domestic product shrank 3.2% in the third quarter as compared to the previous period, when it saw a 0.4% drop. — AFP

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