Hong Kong's economy contracted unexpectedly in the second quarter on weak exports and investment, the advance estimates from the Census and Statistics Department showed Monday. Gross domestic product contracted 1.4 percent from the last year, following a 3.9 percent fall in the first quarter. Economists had forecast an annual expansion of 0.6 percent. On the expenditure-side, private consumption r...
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.