Economic Indicators
Hong Kong’s Q3 GDP shrinks 4.5% y/y
2022.11.11 03:48
© Reuters. 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 (Reuters) – Hong Kong’s economy contracted 4.5% 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.
