Hong Kong's Q3 GDP shrinks 4.5% y/y
FILE PHOTO: A general view of Two International Finance Centre (IFC), HSBC headquarters and Bank of China in Hong Kong, China, July 13, 2021. REUTERS/Tyrone Siu
HONG KONG : Hong Kong's economy contracted 4.5 per cent in the third quarter from the same period a year earlier, government data showed on Friday, hit by rising global interest rates and a slump in trade.
It was the third straight quarter of year-on-year contractions for the Asian financial hub.
Source: Reuters
Categories
