If Hong Kong’s economy shrinks this year as predicted, it will mark the first back-to-back annual contractions since 1961. Photo: Winson Wong If Hong Kong’s economy shrinks this year as predicted, it will mark the first back-to-back annual contractions since 1961. Photo: Winson Wong
If Hong Kong’s economy shrinks this year as predicted, it will mark the first back-to-back annual contractions since 1961. Photo: Winson Wong

Hong Kong economy expected to shrink 6 to 8 per cent for year, marking first back-to-back annual contractions on record

  • GDP drops for fourth straight quarter – by 9 per cent – as city battles Covid-19, uncertainty over growing US-China tensions
  • Provisional figures released by the Tourism Board, meanwhile, showed 20,568 arrivals last month, a slight uptick from 14,606 in June

Topic |   Coronavirus pandemic
If Hong Kong’s economy shrinks this year as predicted, it will mark the first back-to-back annual contractions since 1961. Photo: Winson Wong If Hong Kong’s economy shrinks this year as predicted, it will mark the first back-to-back annual contractions since 1961. Photo: Winson Wong
If Hong Kong’s economy shrinks this year as predicted, it will mark the first back-to-back annual contractions since 1961. Photo: Winson Wong
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