HONG KONG : Hong Kong's economy contracted 4.5 per cent in the third quarter from a year earlier, advance government data showed on Friday, weighed down by rising global interest rates and a slump in trade.
"Looking forward, the markedly deteriorating external environment will continue to pose immense pressure on Hong Kong's export performance," a government spokesman said in a statement, adding that geopolitical tensions and uncertainties over COVID-19 will add downside risks. While Hong Kong has relaxed social distancing measures put in place to curb COVID-19 infections, the border with mainland China has been largely closed since early 2020, choking off mainland tourism spending, a key driver of consumer growth.
Source: Financial Digest (financialdigest.net)
共產黨管制香港人的必然結果。
aldotjahjadi8 Que sera sera Whatever will be, will be
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