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

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