Hong Kong has officially entered into a recession after months of anti-government protests which have often been violent.
In the three months to the end of September the economy shrunk by 3.1%. This is the first time the territory’s economy entered into a recession since 2009 during the financial crisis.
Tourism and retail sales have almost come to a halt as the protests have crippled the financial framework.
Paul Chan Honk Kong’s financial secretary said the territory had fallen into a recession and it is very unlikely there will be any growth this year.





Leave a Comment