Hong Kong Is Sinking Into a Recession With No Recovery in Sight



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Posted by Ed 35 days ago
Hong Kong is facing its first recession since the global financial crisis, with little prospect of an immediate recovery as the city confronts its most violent protests in decades.

From luxury hotels and major shopping malls to neighborhood stores and restaurants in tourist hubs like Central, Causeway Bay and Tsim Sha Tsui, businesses are closing early or seeing fewer customers. Even when things are open, stores and the airport are quiet, as tourists stay away.
 
https://www.bloomberg.com/news/articles/2019-10-09/hong-kong-is-sinking-into-a-recession-with-no-recovery-in-sight?srnd=premium-asia 


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