Hong Kong Officially Enters a Recession Triggered by a Tourism and Retail Freefall

Vincent Yu  / AP Photo

An empty cosmetic shop at a shopping district in Hong Kong. Vincent Yu / AP Photo

Skift Take: The news has been on the horizon for awhile but now it’s official: Hong Kong has entered a technical recession largely caused by the fall in retail spending and visitor arrivals.

— Rosie Spinks

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