Hong Kong’s GDP estimates were released on Wednesday to reveal the economic performance of the city was even worse than many feared. Photo: Sun Yeung
Hong Kong’s GDP estimates were released on Wednesday to reveal the economic performance of the city was even worse than many feared. Photo: Sun Yeung

Hong Kong’s coronavirus-ravaged economy shrinks 9 per cent in second quarter

  • Another major slump in gross domestic product recorded in city stricken by Covid-19 crisis
  • Highest ever year-on-year decline of 9.1 per cent posted earlier this year

Hong Kong’s GDP estimates were released on Wednesday to reveal the economic performance of the city was even worse than many feared. Photo: Sun Yeung
Hong Kong’s GDP estimates were released on Wednesday to reveal the economic performance of the city was even worse than many feared. Photo: Sun Yeung
READ FULL ARTICLE