The Hong Kong government has announced a small ( $ 1 ) economic support package as political protests and the US - China trade war take their toll on the economy . The government is expected to lower its annual GDP growth rate from 2 - 3 % to 0 - 1 % . “The world’s going into recession ... Early data suggests the economy grew 1 % YoY in Q2 2017 , while GDP contracted 0.3 % QoQ.
The Hong Kong government has announced a small ( $ 1 ) economic support package as political protests and the US - China trade war take their toll on the economy . The government is expected to lower its annual GDP growth rate from 2 - 3 % to 0 - 1 % . Early data suggests the economy grew 1 % YoY in Q2 2017 , while GDP contracted 0.3 % QoQ.