ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

Hong Kong reaches full year of economic recession

Contraction looks set to exceed record set in Asian financial crisis

HONG KONG -- Hong Kong appears on track to match or top its longest recession on record after output dropped for a fourth straight quarter in the April-June period.

The economy shrank 9% for the quarter compared with a year before, according to an advance government reading, missing the 8% consensus estimate of analysts surveyed by FactSet and extending a downturn that started last July when anti-government protests heated up in the city.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more