Protests push Hong Kong into recession

Protests push Hong Kong into recession

Hong Kong’s government announced Thursday that the city is in a technical recession after it contracted for a second straight quarter. This follows more than four months of protests. GDP contracted 3.2 per cent in the third quarter. The decline between July and September followed a 0.4 per cent drop in the second quarter.

KCooper
KCooper
Oliver Biscuit
Oliver Biscuit 5 months

Keep going guys. Burn the whole thing to the ground if you have to. Your independence and freedom is more important than your economy atm.

FirstCensorshipThenJail
FirstCensorshipThenJail 5 months

No, Hong Kong was already in recession when they started the protest. The economy was in a steep decline 24 months prior to the people organizing and was one of the motivating factors behind the protests. The hyper-inflated property market, the declining employment opportunities, and wages; coupled with the mainlander's invasion all led up to the revolt.

porcus
porcus 5 months

Kind of hard to grow GDP while also fighting The Man.

Jim Boi
Jim Boi 5 months

FREE HONG KONG! 🇭🇰

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