Financial News

Hong Kong Q2 GDP shrinks 9% year-on-year, full-year outlook downgraded

HONG KONG: Hong Kong’s economy shrank 9 per cent in the second quarter compared with a year earlier, the government said on Friday (Aug 14), as the coronavirus pandemic continued to severely hit the city. The second quarter’s pace compares with a decline of 9.1 per cent in the previous quarter …

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