Hong Kong plunges into deep recession

3.2% quarterly fall rivals the worst three-month slide during the 2008 financial crisis

Hong Kong has plunged into deep recession after its economy was hit by a double whammy of violent street protests and the US-China trade war.

Activity contracted by 3.2% in the three months to September as a loss of exports was compounded by a collapse in consumer spending and a loss of revenue from tourists.

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From our friends over at the : Business | The Guardian

 

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