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

FILE PHOTO: An anti-government protester holds a bow as he stands at a makeshift gate during a standoff with riot police at the Chinese University of Hong Kong, Hong Kong, China November 14, 2019. REUTERS/Tyrone Siu/File Photo

HONG KONG: 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.