Hong Kong is expected to enter a recession for the first time in a decade. Concerns about the economy and its deterioration have been heightened by anti-government protests.
Recent data show that the Chinese ruled city’s economy has fallen 3.2% in the second quarter compared to the previous period and Hong Kong is experiencing a technical recession.
Analysts say the slump could be long and deep, because of the decline in the GDP and the protests, which have no end in sight.
Financial and trade center, which was under pressure by US-China tariff war, have been exacerbated by five months of protests by Hong Kong protesters.