Hong Kong’s recession ends, economy grows 3.3%
Friday, August 14, 2009 According to official records, Hong Kong’s economy has left a year-long recession, recording a growth of 3.3% in the second quarter ended in June. The figures, which were seasonally adjusted, were higher than forecast by economists. As a result, the government has increased its growth predictions for 2009. Previous estimates suggested the economy would contract by 5.5% to 6.5%. Now, the contraction is only predicted to be between 3.5% and 4.5%.…