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The Hong Kong economy contracted 2.9 percent year-on-year in the third quarter of 2019, after expanding a downwardly revised 0.4 percent in the previous period, an advanced estimate showed. It was the first yearly economic contraction since the third quarter of 2009, when the economy shrank 1.7 percent. Private consumption dropped and fixed investment declined further while government spending grew at a faster pace.

Hong Kong's annual economic growth was revised lower to 0.5 percent in the second quarter of 2019, compared with a preliminary reading of 0.6 percent. That was the weakest pace of expansion since a contraction seen in the third quarter of 2009 amid ongoing trade tensions between China and the US, and growing social unrest.

Hong Kong's economy grew 0.6 percent year-on-year in the second quarter of 2019, the same pace as in the previous three-month period but below market expectations of 1.6 percent, an advance estimate showed. On a seasonally adjusted quarterly basis, the economy shrank by 0.3 percent, compared with 1.3 percent expansion in the first quarter. The government expects GDP growth of 2-3 percent this year, versus 3 percent in 2018.

The Hong Kong economy advanced 0.6 percent year-on-year in the first quarter of 2019, higher than an advance estimate of 0.5 percent but easing from a 1.2 percent expansion in the previous period, a final estimate showed. It was the weakest growth rate since the third quarter of 2009, when the economy contracted 1.7 percent. Private consumption and government spending slowed and fixed investment shrank further. On a quarterly basis, the GDP expanded 1.3 percent, above a preliminary reading of 1.2 percent and after a 0.5 percent contraction in the prior quarter.

The Hong Kong economy advanced 0.5 percent year-on-year in the first quarter of 2019, slowing from a downwardly revised 1.2 percent expansion in the previous period, an advance estimate showed. It was the weakest growth rate since the third quarter of 2009, when the economy shrank 1.7 percent. Private consumption and government spending eased and fixed investment continued to contract. On a quarterly basis, the GDP expanded 1.2 percent, after shrinking 0.5 percent in the prior quarter.

The Hong Kong economy advanced 1.3 percent year-on-year in the December quarter of 2018, easing from a downwardly revised 2.8 percent growth in the previous period. It was the weakest pace of expansion since the March quarter 2016, amid a marked slowdown in private consumption and a slump in fixed investment. Considering 2018 the whole year, the economy grew by 3 percent, less than the government's forecast of 3.2 percent and after a 3.8 percent expansion in the preceding year. On a quarterly basis, the economy contracted 0.3 percent in the three months to December, following a 0.1 percent growth in the prior quarter.