Hong Kong enters recession as protests show no sign of relenting


Anti-government protesters react from tear gas at Tsim Sha Tsui is in Hong Kong, China, October 27, 2019. REUTERS/Tyrone Siu

HONG KONG: Hong Kong has fallen into recession, hit by more than five months of anti-government protests that show no signs of relenting, and is unlikely to achieve annual economic growth this year, the city's Financial Secretary said.

"The blow to our economy is comprehensive," Paul Chan said in a blog post on Sunday, adding that a preliminary estimate for third-quarter GDP on Thursday would show two successive quarters of contraction - the technical definition of a recession.

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