Friday, August 14, 2009

BBC NEWS | Business | Hong Kong emerges from recession

The economy of Hong Kong has emerged from recession, posting growth of 3.3% in the three months from April to June.

The seasonally adjusted figures were better than had been expected and the government has raised its forecast for growth in the whole year.

It followed the emergence from recession of Singapore, which grew an annualised 20.7% in the second quarter.

Hong Kong's growth was negative for four consecutive quarters, starting in the second quarter of 2008.

The growth of 3.3% compares with a revised contraction of 4.3% for the first three months of 2009.


BBC NEWS | Business | Hong Kong emerges from recession
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