Hong Kong's Q3 GDP shrinks 4.5% y/y for third straight quarter of contraction


HONG KONG, Oct 31 (Reuters) - Hong Kong's economy contracted by 4.5% in the third quarter from a year earlier, advance government data showed on Monday, shrinking for the third consecutive quarter as trade performance remained weak.

The outcome was worse than a range of 0.6% to 0.9% growth projected by HSBC, Morgan Stanley and Natixis, and a 0.3% contraction forecast by Barclays. The city's economy shrank by 4.0% and 1.3% respectively in the first and second quarter.

(Reporting by Twinnie Siu and Donny Kwok; Editing by William Maclean)

((donny.kwok@thomsonreuters.com; +852 3462 7745; Reuters Messaging: donny.kwok.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.