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The economy shrank 3.4% in July-September from a year earlier, its fifth straight quarterly contraction, government advance estimates showed on Friday. That compared with a year-on-year contraction of 9.0% in April-June. Last Updated: October 30, 2020, 18:47 IST FOLLOW US ON: Google News HONG KONG: Hong Kong’s long recession showed signs of easing in the third quarter, with a gradual improvement in domestic and external demand from an improving Chinese economy, an easing of the COVID-19 outbreak and stronger financial market activity. The economy shrank 3.4% in July-September from a year earlier, its fifth straight quarterly contraction, government advance estimates...
