Hong Kong Economy Contracts 9 Percent in Latest Quarter

Go to Article HONG KONGࢀ"Hong Kongࢀ™s economy shrank by 9 percent from a year earlier in the latest quarter, hurt by the coronavirus pandemic and facing more potential damage from the loss of U.S. trade privileges due to a security law imposed by Beijing. The performance reported Wednesday for the three months ending in June was an improvement over the previous quarterࢀ™s 9.1 percent contraction, the biggest since the government began reporting such data in the 1970s. Hong Kong, a center for trade, finance, and tourism, already was struggling before the coronavirus prompted the government to impose travel curbs and…