Plunge in retail sales increases risks of recession in HK economy

Plunge in retail sales increases risks of recession in HK economy
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Ongoing protests continue to roil the Hong Kong Special Administrative Region (HKSAR), and its economy has been suffering. Hong Kong’s economy has had its weakest growth in a decade, according to new statistics from the HKSAR government, showing the economy only grew by 0.6 percent in the second quarter. A plunge in retail sales in July increases the city’s risks of falling into a recession. #HK

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