Hong Kong Economy Shrinks 0.1% in Q2

Hong Kong's GDP contracted a seasonally adjusted 0.1 percent in the second quarter as tourist spending declinedl and domestic demand continued to slow down.
Constatd | anna@tradingeconomics.com 8/15/2014 10:33:59 AM
Hong Kong economic growth is highly dependent on tourist spending especially by Chinese visitors. Retail sales have fallen for five straight months through June, as China’s economic expansion moderated and the anti-corruption campaign trimmed spending on luxury items. 

Year on year, the GDP advanced 1.8 percent compared with a revised 2.6 percent in the first three months of 2014.

Hong Kong Economy Shrinks 0.1% in Q2