New virus outbreak dashes hopes for quick Hong Kong economic recovery


Source: technocodex.com

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FILE PHOTO: A lion sculpture is seen in front of office towers at the financial Central district in Hong Kong, China May 25, 2017. REUTERS/Bobby Yip HONG KONG–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% 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. But...