Hong Kong economy contracts 9% in latest quarter

Hong Kong economy contracts 9% in latest quarter

Newsdesk |
July 30, 2020

Hong Kong's economy shrank by 9% from a year earlier in the latest quarter, hurt by the coronavirus pandemic and facing more potential damage from the loss of US trade privileges due to a security law imposed by Beijing. The performance reported Wednesday for the three months ending in June was an improvement over the previous quarter's 9.1% contraction, the biggest since the government began reporting such data in the 1970s.

New Delhi, 30 July 2020

As per news report of PTI, Hong Kong, a center for trade, finance and tourism, already was struggling before the coronavirus prompted the government to impose travel curbs and restrictions on business.

Source -PTI


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