HONG KONG (Reuters) – Hong Kong’s economy shrank 4% in the first quarter from the same period a year earlier, government data showed on Friday, ending four quarters of recovery as the city imposed its most stringent measures to curb an outbreak of COVID-19.
The data compares with a growth of 4.7% in the fourth quarter. On a quarterly basis, the economy contracted by a revised seasonally adjusted 3% for the January-March period.
(This story refiles to link to alerts, add dropped % in headline)
(Reporting by Donny Kwok and Twinnie Siu; ; editing by John Stonestreet)
