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Hong Kong plunges into recession as months of violent protests take toll on economy

Hong Kong plunges into recession as months of violent protests take toll on economy

Publicerat av Tony Harkén tisdag, 29 oktober 2019.

Months of chaos have hurt Hong Kong’s economy, which has now slid into recession, according to region’s financial secretary, Paul Chan Mo-po.

Financial data set to be released by the government on Thursday shows that Hong Kong’s economy faced two successive quarters of contraction, which is the technical definition of a recession, the official said in a blog post on Sunday.

“The blow to our economy is comprehensive,” the statement added.

Read more atRussia Today

Publicerat av

Tony Harkén

kina

Klockan i Hong Kong, Kina

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