Hong Kong ends longest recession in decades

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 66%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Hong Kong's economy jumped back into growth in the first quarter of the year, official figures showed on Monday (May 3), ending the city's most ...

Hong Kong's government announced that the city's economy grew by 7.8 per cent on year in the first three months of 2021. HONG KONG: Hong Kong's economy jumped back into growth in the first quarter of the year, official figures showed on Monday , ending the city's most pronounced period of recession in its modern history.

That came to an end on Monday when the government announced that the city's economy grew by 7.8 per cent on year in the first three months of 2021. In 2019, months of huge and often violent protests coincided with swirling trade tensions between Beijing and the US, pummelling the economy that acts as an international gateway to China.The city was among the first places outside mainland China to record a COVID-19 infection, and the economy plunged by a record-breaking 9.1 per cent in the first quarter of 2020.

Coronavirus restrictions are keeping Hong Kong all but closed to those without work permits, and people who do arrive need to undergo three weeks of compulsory hotel quarantine.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wonderful news. Made possible only after ending the riots. Now that the CIA is completely out of HK, it will progress and prosper indefinitely

This a message for you Scott Morrison this is videos for you prime minister This question to all politician... all society Uganda

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines