© Reuters. FILE PHOTO: A normal 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 yr earlier, authorities knowledge confirmed on Friday, ending 4 quarters of restoration as the town imposed its most stringent measures to curb an outbreak of COVID-19.
The information compares with a development 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)