Hong Kong Q3 GDP shrinks 3.2%, confirms depth of recession

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

HONG KONG: Hong Kong confirmed on Friday (Nov 15) its economy plunged into its first recession in a decade in the third quarter, weighed down by ...

More than five months of political protests have plunged the city into its worst crisis since it reverted from British to Chinese rule in 1997.

August retail sales were the worst on record - down 23 per cent from a year earlier - while September's plunged 18.3 per cent. Many businesses with ambitions to expand in China still consider it as a gateway into the mainland, while Chinese firms use it to access international capital, as well as a testing ground and springboard for their global ambitions.

 

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

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Leong Finance posts 35.7% fall in Q3 net profit to S$23.6mHong Leong Finance posts 35.7% fall in Q3 net profit to S$23.6m.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Hong Kong to unveil depth of recession amid protests, trade warHong Kong is expected to confirm on Friday it plunged into recession for the first time in a decade, amid concerns the economy could be in even ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Hong Kong to unveil depth of recession amid protests, trade warHONG KONG (REUTERS) - Hong Kong is expected to confirm on Friday (Nov 15) it plunged into recession for the first time in a decade, amid concerns the economy could be in even worse shape than feared as months of anti-government protests take a heavy toll.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Hong Kong to unveil depth of recession amid protests, trade warHong Kong is expected to confirm on Friday it plunged into recession for the first time in a decade, amid concerns the economy could be in even ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »