‘A Very Severe Blow’: Hong Kong Careens Towards First Annual Recession Since Crisis
Hong Kong's economy will post its first annual contraction since the financial crisis this year, the government said Friday, in recognition of the stark economic reality brought about by months of violent protests and the drag from the trade war.
"The Hong Kong economy saw an abrupt deterioration in the third quarter of 2019, as the local social incidents dealt a very severe blow to an economy already weakened by a synchronized global economic slowdown and US-Mainland trade tensions", the gover