Abstract:HONG KONG (Reuters) – Hong Kongs economy contracted by 4.2% in the fourth quarter from a year earlier, advance government data showed on Wednesday, shrinking for the fourth consecutive quarter as exports were hampered by weak global demand.
Hong Kong's Q4 GDP down 4.2% y/y, 4th quarter of contraction
HONG KONG (Reuters) – Hong Kongs economy contracted by 4.2% in the fourth quarter from a year earlier, advance government data showed on Wednesday, shrinking for the fourth consecutive quarter as exports were hampered by weak global demand.
Economists from Morgan Stanley, DBS, Hang Seng Bank and Natixis expected GDP to contract between 2.8% and 3.1%. The citys economy shrank a revised 4.6% in the third quarter.
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