scorecardresearchHong Kong economy tips into technical recession

Hong Kong economy tips into technical recession

Updated: 01 Aug 2022, 04:17 PM IST
TL;DR.
  • Following a year-on-year decrease of 3.9 percent in the first quarter of 2022, the city's GDP again reported decline in the second quarter on Monday -- but with a narrower margin of 1.4 percent -- according to advance estimates released by the Census and Statistics Department.
Travellers walk past an installation featuring a medical worker at the Hong Kong International Airport Departure Hall, amid the coronavirus disease (COVID-19) pandemic, in Hong Kong, China, August 1, 2022. REUTERS/Tyrone Siu

Travellers walk past an installation featuring a medical worker at the Hong Kong International Airport Departure Hall, amid the coronavirus disease (COVID-19) pandemic, in Hong Kong, China, August 1, 2022. REUTERS/Tyrone Siu