HONG KONG (Reuters) – Hong Kong’s economy contracted by 1.4% in the second quarter from a year earlier, advance government data showed on Monday, with weak performance in external trade during the quarter.
The outcome was worse than the 0.6% drop forecast by DBS and 0.5% decline projected by Standard Chartered. The city’s economy shrank by 4.0% in the first quarter.
(Reporting by Twinnie Siu and Donny Kwok; Editing by David Goodman)
