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Coronavirus: Hong Kong to ease social-distancing rules as city sees record 8.9% economic slump | South China Morning Post

Story summary

Hong Kong’s economy has taken its worst hit ever amid the coronavirus pandemic, according to advance estimates released on May 4, 2020. The city saw an 8.9 per cent contraction in the first quarter, worse than the 8.3 per cent low point recorded in 1998 during the Asian financial crisis. But since the city has seen …

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