Hong Kong’s economy shrinks by 3.4 per cent in third quarter as latest wave of coronavirus pandemic batters drivers of growth


HONG KONG, Oct 31 (SCMP): Hong Kong’s economy shrank by 3.4 per cent in the third quarter from a year ago as the coronavirus pandemic continued its stranglehold on key drivers of growth such as tourism and consumption.

The financial hub has now spent five consecutive quarters locked in recession, although the government is expecting some improvement on the back of resurgent growth in mainland China.

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SCMP , Hong Kong , Economy

   

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