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Hong Kong's Q2 GDP shrinks 1.4% year on year

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Published Mon, Aug 1, 2022 · 04:52 PM
    • The outcome was worse than the 0.6 per cent drop forecast by DBS and 0.5 per cent decline projected by Standard Chartered.
    • The outcome was worse than the 0.6 per cent drop forecast by DBS and 0.5 per cent decline projected by Standard Chartered. PHOTO: AFP

    HONG Kong’s economy contracted by 1.4 per cent in the second quarter from a year earlier, advance government data showed on Monday (Aug 1), with a weak performance in external trade during the quarter.

    The outcome was worse than the 0.6 per cent drop forecast by DBS and 0.5 per cent decline projected by Standard Chartered. The city’s economy shrank by 4.0 per cent in the first quarter. REUTERS

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