Hong Kong slid into recession for the first time in a decade in the third quarter, weighed down by increasingly violent anti-government protests and the protracted U.S.-China trade war.
Five months of protests have battered the Chinese-ruled city’s retail and tourism sector, and there is no sign of the demonstrations abating. Police tightened security on Thursday ahead of more potential clashes.
The city’s economy shrank 3.2% in July-September from the preceding period, contracting for a second straight quarter and meeting the technical definition of a recession, according to preliminary government data on Thursday.
You may be interested
Crystal Palace Prepare Bid For Onyedika
Webby - April 23, 2024Crystal Palace are targeting a move for Club Brugge midfielder Raphael Onyedika, reports Completesports.comOnyedika has also been linked with a…
NPFL: Rangers Fall To Rivers United, Enyimba Draw Away
Webby - April 21, 2024Leaders Rangers fell to a 2-0 defeat against Rivers United in Port Harcourt on Sunday.Fidelis Ilechukwu’s side however maintained top…
Ejuke Scores Winner In Antwerp’s Win Over Cercle Brugge
Webby - April 21, 2024Chidera Ejuke was the hero as Royal Antwerp recorded a 1-0 away win against Cercle Brugge at the Jay Breydelstadion…