Hong Kong slips into recession as economy shrinks 3.2 per cent in the third quarter

The preliminary GDP shrank 2.9% in the third quarter year on year, the slowest in a decade. On the other hand, fresh data had shown the number of tourists visiting Hong Kong plunged 34.2% in September year on year largely because of the protests. The government has rolled out relief measures worth more than HK$21 billion in the past 3 months to counter economic woes. Hong Kong’s unemployment rate is 2.9% in the third quarter, the highest since the first quarter of 2018. 


Read More: https://www.scmp.com/news/hong-kong/politics/article/3035747/hong-kong-economy-shrinks-32-cent-third-quarter-city-slips


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