Financial News
Author: Zhan Yongyu
2020-11-13 16:55
Last update date: 2020-11-13 16:55
The government announced that real GDP fell by 3.5% year-on-year in the third quarter, which was significantly narrower than the 9% contraction in the second quarter.
In the first three quarters, real GDP contracted by 7.2% compared with the same period last year.
On a seasonally adjusted quarter-to-quarter comparison, real GDP rebounded by 2.8% in the third quarter, reversing the five consecutive quarters of contraction.
Hong Kong Economy
