Hong Kong to unveil depth of recession amid protests, trade war


  • World
  • Friday, 15 Nov 2019

FILE PHOTO: People walk past a vandalised store in Causeway Bay district, in Hong Kong, China October 8, 2019. REUTERS/Susana Vera/File Photo

HONG KONG (Reuters) - Hong 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 worse shape than feared as months of anti-government protests take a heavy toll.

Preliminary figures in October showed the Chinese-ruled city's economy shrank by 3.2% in July-September from the preceding period, contracting for a second straight quarter and meeting the technical definition of a recession.

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