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Hong Kong economy plunged into recession in 2019 over protests; shrank 1.2%

The fourth quarter saw a 2.9 percent contraction

AFP | PTI  |  Hong Kong 

Deng Xiaoping Portrait Square in Shenzhen, China. Photo: Bloomberg
Deng Xiaoping Portrait Square in Shenzhen, China. Photo: Bloomberg

on Monday confirmed its plunged into recession in 2019 -- the first annual contraction in a decade -- as the city buckled under the twin pressures of the US-China trade war and months of furious pro-democracy protests.
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The financial hub's gross domestic product shrank 1.2 percent on-year, official data showed, while the fourth quarter saw a 2.9 percent contraction.

First Published: Mon, February 03 2020. 14:37 IST
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