Hong Kong ends longest recession in decades


Source: ghana-mma.com ghana-mma.com

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Print Shoppers buy meat at a market stall in Hong Kong on May 3, 2021. (Photo by Peter PARKS / AFP) Hong Kong’s economy jumped back into growth in the first quarter of the year, official figures showed Monday, ending the city’s most pronounced period of recession in its modern history. The international financial hub has been battered the last 18 months 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...