Coronavirus: Hope for quick Hong Kong economic recovery dashed by new outbreak


Source: newshub.co.nz

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"The higher number of infections means that the measures are likely to remain in place for a while." Photo credit: Getty. Hong Kong's long recession showed some signs of easing in the second quarter as coronavirus restrictions were lifted, but a quick recovery is now in doubt as a fresh wave of infections prompt the government to impose tough new health measures. The economy contracted 9.0 percent in April-June from a year earlier, shrinking for the fourth quarter in a row and the second biggest drop on record, government advance estimates showed on Wednesday. Related News How NZ could keep...