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Hong Kong economy shrank 1.2 percent in 2019

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HONG KONG - Hong Kong on Monday confirmed its economy plunged into recession in 2019 -- the first annual contraction in a decade -- as the city buckled under the twin pressures of the US-China trade w

ar and months of furious pro-democracy protests.

The financial hub's gross domestic product shrank 1.2 percent on-year, official data showed, while the fourth quarter saw a 2.9 percent contraction.

 

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