Hong Kong economy shrinks 9% in latest quarter over Covid-19, security law

Tourist arrivals fell following protests that began in June 2019 over a proposed extradition law and expanded to include demands for greater democracy and other grievances

Hong Kong's economy shrank by 9 per cent from a year earlier in the latest quarter, hurt by the coronavirus pandemic and facing more potential damage from the loss of US trade privileges due to a security law imposed by Beijing.

The performance reported Wednesday for the three months ending in June was an improvement over the previous quarter's 9.1 per cent contraction, the biggest since the government began reporting such data in the 1970s.

Hong Kong, a center for trade, finance and tourism, already was struggling before the coronavirus prompted the government to impose travel curbs and restrictions on