Economists from Morgan Stanley, DBS, Hang Seng Bank and Natixis expected GDP to contract between 2.8% and 3.1%. The city's economy shrank a revised 4.6% in the third quarter.
(Reporting by Twinnie Siu and Donny Kwok; Editing by Jacqueline Wong)
Hong Kong's Q4 GDP down 4.2% y/y, 4th quarter of contraction
February 01, 2023 at 03:38 am EST
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HONG KONG (Reuters) - Hong Kong's economy contracted by 4.2% in the fourth quarter from a year earlier, advance government data showed on Wednesday, shrinking for the fourth consecutive quarter as exports were hampered by weak global demand.
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