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Hong Kong's Q1 GDP shrinks 4% y/y

Saturday, May 14, 2022
Hong Kong's Q1 GDP shrinks 4% y/y © Reuters. FILE PHOTO: A general view of skyline buildings, in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu

HONG KONG (Reuters) - Hong Kong's economy shrank 4% in the first quarter from the same period a year earlier, government data showed on Friday, ending four quarters of recovery as the city imposed its most stringent measures to curb an outbreak of COVID-19.

The data compares with a growth of 4.7% in the fourth quarter. On a quarterly basis, the economy contracted by a revised seasonally adjusted 3% for the January-March period.

(This story refiles to link to alerts, add dropped % in headline)

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18-05-2022 12:23:46 (UTC+7)

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 US Coffee C228.63Neutral
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 FTSE 1007,518.35↑ Buy
 Hang Seng20,531.50Buy
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 IBEX 358,475.70↑ Buy
 BASF50.690↑ Buy
 Bayer64.12↑ Buy
 Allianz202.25↑ Buy
 Adidas183.30↑ Buy
 Lufthansa6.827Buy
 Siemens AG116.50↑ Buy
 Deutsche Bank AG9.538↑ Buy
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