Economy

Hong Kong economy shrinks 3.5% in 2022 on COVID blues

Weak global outlook also weighs as city property prices sink

20230201.HK.JPG

Hong Kong's economy was knocked by strict COVID curbs that isolated the financial hub from the rest of the world. © Reuters

PAK YIU, Nikkei staff writer
February 1, 2023 20:55 JST

HONG KONG -- Hong Kong's economy shrank by 3.5% in 2022 as the financial hub grappled with its worst virus outbreak and strict COVID curbs that hurt growth as a weak global outlook aggravated the downturn.

Read Next

Latest on Economy

  • Economy

    Land border closure, migrant worker returns hit Cambodian economy

    Land border closure, migrant worker returns hit Cambodian economy
  • Economy

    Japan's GDP contracted annualized 1.1% in July: JCER

    Japan's GDP contracted annualized 1.1% in July: JCER
  • Economy

    China deflation worries flare as CPI falls more than expected

    China deflation worries flare as CPI falls more than expected

    • Sponsored Content

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