© Reuters. FILE PHOTO: A basic view of skyline buildings, in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu
HONG KONG (Reuters) – Hong Kong’s economic system shrank 4% within the first quarter from the identical interval a 12 months earlier, authorities information confirmed on Friday, ending 4 quarters of restoration as town imposed its most stringent measures to curb an outbreak of COVID-19.
The information compares with a progress of 4.7% within the fourth quarter. On a quarterly foundation, the economic system contracted by a revised seasonally adjusted 3% for the January-March interval.
(This story refiles to hyperlink to alerts, add dropped % in headline)