HONG KONG: Hong Kong on Monday confirmed its economy plunged into recession in 2019 -- the first annual contraction in a decade -- as the city buckled under the twin pressures of the US-China trade war and months of furious pro-democracy protests.
The financial hub's gross domestic product shrank 1.2 per cent on-year, official data showed, while the fourth quarter saw a 2.9 per cent contraction.