Hong Kong GDP Falls More Than Expected As COVID Curbs Bite
May 4, 2022 ·
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Description
Hong Kong’s economy contracted last quarter for the first time in more than a year as local restrictions to curb Covid hit activity and China’s own omicron outbreak disrupted trade....
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Hong Kong’s economy contracted last quarter for the first time in more than a year as local restrictions to curb Covid hit activity and China’s own omicron outbreak disrupted trade.
The advance estimates released by the government show that Gross domestic product fell 4% in the January-to-March period from a year earlier.
The government spokesperson says the city’s fifth coronavirus wave, along with moderating global demand growth and epidemic-induced cross-boundary transportation disruptions, all dragged on the economy.
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The advance estimates released by the government show that Gross domestic product fell 4% in the January-to-March period from a year earlier.
The government spokesperson says the city’s fifth coronavirus wave, along with moderating global demand growth and epidemic-induced cross-boundary transportation disruptions, all dragged on the economy.
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| Author | Africa Business Radio |
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