Hong Kong economy shrank 1.2 percent in 2019

Agence France-Presse

Posted at Feb 03 2020 05:46 PM

Customers wear masks as they shop for instant noodles at a supermarket following the outbreak of a new coronavirus, in Hong Kong, China Jan. 30, 2020. Tyrone Siu, Reuters/File Photo

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 percent on-year, official data showed, while the fourth quarter saw a 2.9 percent contraction.