HK economy may shrink this year

Bloomberg

Hong Kong may report negative growth this year as the economy reels from more than four months of social unrest, Financial Secretary Paul Chan wrote in a blog post.
It is “impossible to rule out the possibility” that full-year gross domestic product will decline, Chan wrote in the post. “It seems that it is extremely difficult to achieve the forecast of 0 to 1%.”
The government will announce its advanced estimate for third-quarter growth. Earlier this month, Hong Kong’s chief executive Carrie Lam said that the city entered recession in the three-month period and warned of an “unprecedented challenge.”