Hong Kong is expected to see signs of an economic turnaround but only in the later part of the year. Photo: Sun Yeung
Hong Kong is expected to see signs of an economic turnaround but only in the later part of the year. Photo: Sun Yeung

Hong Kong economy suffers biggest annual contraction on record, shrinking 6.1 per cent as coronavirus hammers tourism, local spending

  • Key drivers of growth suffer from impact of global pandemic as city marks first back-to-back yearly decline of GDP since record-keeping began
  • But government issues positive forecast for 2021 despite saying first half of year will be challenging

Hong Kong is expected to see signs of an economic turnaround but only in the later part of the year. Photo: Sun Yeung
Hong Kong is expected to see signs of an economic turnaround but only in the later part of the year. Photo: Sun Yeung
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