Hong Kong Q3 GDP shrinks 3.2%, confirms contractionChristian Fernsby ▼ | November 15, 2019
Hong Kong Special Administrative Region (HKSAR) confirmed on Friday its economy plunged into its first recession in a decade in the third quarter, weighed down by increasingly violent protests and external uncertainties.
China Hong Kong government
Topics: Hong Kong
Gross Domestic Product (GDP) contracted for the second consecutive quarter, meeting the technical definition of a recession. This is the first annual contraction since 2009.
GDP will contract 1.3 percent in 2019 from the previous year, the government said. ■