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Economy

Hong Kong bounces back with 6.4% annual economic growth

Analysts warn city could see fresh contraction due to return of COVID controls

A rebound in consumer spending, boosted by government vouchers, helped Hong Kong to return to growth.    © Reuters
PAK YIU, Nikkei staff writer | Hong Kong

HONG KONG -- Hong Kong's economy grew 6.4% last year, marking its first annual rise after two years of recession, according to government estimates released on Friday, reflecting a rebound in household spending and other activity amid a long spell of COVID calm.

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