Hong Kong enters recession as protests show no sign of relenting

[turbinetree]

Source: Reuters

World News
October 27, 2019 / 11:29 PM / Updated 21 minutes ago

HONG KONG (Reuters) - Hong Kong has fallen into recession, hit by more than five months of anti-government protests that show no signs of relenting, and is unlikely to achieve annual economic growth this year, the city’s Financial Secretary said.

“The blow to our economy is comprehensive,” Paul Chan said in a blog post on Sunday, adding that a preliminary estimate for third-quarter GDP on Thursday would show two successive quarters of contraction - the technical definition of a recession.

He also said it would be “extremely difficult” to achieve the government’s pre-protest forecast of 0-1 % annual economic growth.

Protests in the former British colony have reached their 21st week. On Sunday, black-clad and masked demonstrators set fire to shops and hurled petrol bombs at police who responded with tear gas, water cannon and rubber bullets.

Read more: https://www.reuters.com/article/us-hongkong-protests/hong-kong-enters-recession-as-protests-show-no-sign-of-relenting-idUSKBN1X706F?il=0

[LiberalLovinLug]

1. Uh....there is a solution Mr. Chan

Agree to not destroying your democracy by wilfully handing over your country to an authoritative dictatorship's control. Don't force candidates sanctioned by China to be the only choices. Allow Hong Kong to determine their own future.

But lets focus on the "bad machines" throwing a wrench into the system.

[turbinetree]

2. Yepper spot on.............................

[roamer65]

3. I agree with you 150 pct, but Beijing will not allow it to happen.

Eventually they are going to send in the troops and tanks.

I see a 1989 redux coming eventually.