HK ends longest recession in decades - The Manila Times

HONG KONG: Hong Kong's economy jumped back into growth in the first quarter of the year, official figures showed on Monday, ending the city's most pronounced period of recession in its modern history. The international financial hub has been battered the last two years by a triple whammy of the US-China trade war, months of social unrest and then the coronavirus pandemic. It recorded six consecutive quarters of negative growth, a more prolonged downturn than during both the 1997 Asian financial crisis and the 2007-08 global crash. That came to an end on Monday when the government announced the economy…