Hong Kong’s economy shrank faster in the third quarter, contracting 4.5 percent from the same period a year earlier, the third straight quarter of downturn, advance government data showed, as external demand remained weak. | Reuters
It said geopolitical tensions and developments in the pandemic would add downside risks despite easing quarantine rules for inbound visitors.
On a quarterly basis, the economy shrank a seasonally adjusted 2.6 percent in the July-September period, as compared with the 2.9 percent decline in the first quarter and a 1-percent growth in second quarter.
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