Hong Kong third-quarter GDP shrinks 3.2%, confirms depth of recession

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Hong Kong third-quarter GDP shrinks 3.2%, confirms depth of recession
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Hong Kong confirmed on Friday its economy plunged into its first recession in a ...

Riot police stand in the middle of a street in Central district in Hong Kong, China, November 15, 2019. REUTERS/Adnan Abidi

The economy shrank by a seasonally adjusted 3.2% in July-September from the previous quarter, in line with a preliminary reading, revised government data showed. Gross domestic product contracted for the second consecutive quarter, meeting the technical definition of a recession.

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