Hong Kong Economy Shrinks 4 Percent Under Anti-Virus Controls

Hong Kong Economy Shrinks 4 Percent Under Anti-Virus Controls
A visitor sets up his camera in the Victoria Peak area in Hong Kong to photograph Hong Kong's skyline, on Sept. 1, 2019. Jae C. Hong/AP Photo
|Updated:

HONG KONG—Hong Kong’s economy shrank by 4 percent compared with a year earlier in the quarter ending in March after the city shut restaurants and other businesses amid a spike in coronavirus infections.

Growth plunged from the previous quarter’s 4 percent expansion, government data showed Tuesday. Exports of goods fell 4.5 percent from a year earlier while consumer spending sank 5.4 percent.