Hong Kong's Q1 GDP shrinks 4% y/y
Reuters
Published May 13, 2022 05:45AM ET
Updated May 13, 2022 07:45AM ET
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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Written By: Reuters
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