There are few shoppers to be seen at this luxury shopping spot in Tsim Sha Tsui. Photo: Nora Tam

Coronavirus: Hong Kong’s economy slumps 8.9 per cent in worst contraction on record

  • Finance chief says city is deep in recession but if people work and unite, the situation will stabilise
  • Preliminary figure is worse than in the third quarter of 1998 when GDP tumbled 8.3 per cent, as the city reeled from effects of Asian financial crisis
Topic |   Coronavirus pandemic
There are few shoppers to be seen at this luxury shopping spot in Tsim Sha Tsui. Photo: Nora Tam
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