Hong Kong's GDP down 2.9% yoy in Q4

Q4 GDP was -2.9% compared with same quarter a year ago and -0.4% from Q3.

For the whole of 2019, real GDP contracted by 1.2%, its first annual decline since 2009.
Reuters (Also reports a lot more gloomy numbers.)

Yoy GDP change, %

2018
Q1   4.6
Q2   3.5
Q3   2.9
Q4   1.2

2019
Q1   0.6
Q2   0.4
Q3  -2.8*
Q4  -2.9

*Revised upward from -2.9.


Comments

Post a Comment

Popular posts from this blog

Government expels four opposition members from the Legislative Council

 The four: Dennis Kwok, Kwok Ka-ki, Kenneth Leung and Alvin Yeung. All had been barred from running for re-election in the now-postponed Legislative Council elections previously due to be held in September. The expulsions immediately followed the Standing Committee of the National People’s Congress passing a resolution requiring that lawmakers who promoted or supported Hong Kong independence or refused to admit China’s exercise of sovereignty over the city should be considered in breach of their oath of allegiance to the SAR and removed. HKFP NYT  
Read more

Pro-democracy candidates sweep district council elections

71.2 per cent turnout rate = 2.94 million people voting. Of the 452 seats, pan-democrats won 347, independents (many of whom are pro-democracy) won 45, and pro-establishment groups won 60. The result lets pro-democrats take control of 17 out of 18 district councils. The Democratic Party was the most successful party, winning 91 of the 99 seats it contested. The Civic Party won 32 seats. The Democratic Alliance for the Betterment and Progress of Hong Kong won only 21 of the 181 (HKFP)/179 (SCMP) seats it contested. The pro-Beijing Federation of Trade Unions won just four of the 62 seats it contested. HKFP / SCMP
Read more

Comment pieces - December 2019

The Siege of Carrie Lam – Idle Words, 4 Dec 2019 Frank Pieke, Hong Kong: What’s Next? , 6 Dec 2019 Andy Buschmann, Is Violence in Hong Kong’s Protests Turning off Moderates? , Chinafile.com, 11 Dec 2019 Mary Hui, Who Will Police the Hong Kong Police? , Quartz, 11 Dec 2019 Iain Marlow, Will 2047 Be the End of Hong Kong as We Know It? , Bloomberg, 30 Dec 2019 Alex Massie, Hong Kong faces a growing crisis in 2020 , The Spectator, 31 Dec 2019
Read more