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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.

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