Hong Kong cuts GDP forecast for 2020 after economy contracts 9% on-year in the second quarter

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Hong Kong cuts GDP forecast for 2020 after economy contracts 9% on-year in the second quarter
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Hong Kong's economy contracts 9% on-year in the second quarter, cuts full-year GDP forecast

Hong Kong's economy contracted by 9% in the second quarter compared to a year ago, official statistics showed Friday.

Hong Kong's government downgraded its full-year economic forecast on Friday after a recent flare up in coronavirus cases threatened to further derail the city's economy.

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