Tuesday , 26 October 2021
Breaking News
Home » World » Asia-pacific » After France and Germany, Hong Kong sees the end of Recession

After France and Germany, Hong Kong sees the end of Recession

china-hong-kongThis August has brought about great news to all the People in the world who are looking with a grim hope of getting employed.

Yeah, its glad to say that Hong Kong economy is risen this month. The data recorded during April to June of this year 2009 shows that the nation has brought a rise of 3.3% growth in their economy.

This is really a good moment, cause only 2 days back did France and Germany officially announced that they are out of recession

Earlier HongKong revealed that their economy will down at 5.5% to 6.5% But now they have revised it to be 3.5% down. This is encouraging.

Economic growth is measured by gross domestic product (GDP).

“The GDP data was much better than we expected, partly because the exports were better and partly because of a pick-up in private consumption,” said Paul Tang, chief economist at Bank of East Asia.

Related stories:

£40m robbed from UK’s Graff Jewellery
Argentina Vs Mexico results: Argentina beat Mexico to enter FIFA world cup quarter final 2010
New Indian Rupee Symbol a copy of Euro?
The Rock got Mad at me, tweets John Cena
Sony PlayStation relaunch begins this Sunday
Corporate Greed No more says US protestors
What stores are open this Christmas 2011?
US Jobless Claim Reaches 4-Year Low