The Hong Kong government will release data Thursday underscoring what retailers, hoteliers and residents know all too well -- that the economy has slipped into recession amid nearly five months of increasingly violent skirmishes.
Third-quarter gross domestic product figures are expected to show a 0.6% retreat from the previous three months, after a 0.4% contraction in the second quarter. Two consecutive periods of negative growth would mean Hong Kong has fallen into a technical recession, the first since the global financial crisis a decade ago.
The economic debate now is focused on how long the downturn will last, if recent glimmers of