HONG KONG -- Hong Kong's economy contracted 4% in the first quarter from a year earlier, government data showed Tuesday, as an omicron-driven virus outbreak slammed the brakes on business activity in the international financial hub.
Economy
Hong Kong economy shrinks 4% in first quarter as COVID surge bites
Downturn comes after financial hub rebounded from recession in 2021
Scores of businesses closed as the government rolled out strict measures to battle Hong Kong's worst COVID-19 outbreak. © Reuters
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