torsdag 1. august 2019

Hong Kong's economy is slumping. Mass protests could make things much worse

Hong Kong's economy grew at a much weaker pace than expected in the second quarter, hurt by the US-China trade war and a global slowdown. The slump could deepen if recent mass protests continue. GDP grew by 0.6% in the second quarter compared to the same period last year, according to preliminary figures released by the Hong Kong government on Wednesday. That was the weakest quarterly figure in a decade and well below growth of 1.5% forecast by analysts in a Bloomberg survey.

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