Thursday , 11 August 2022
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:

£100m boost for UK government lab
Google sued by Chinese author Mian Mian
Buffett, Gates ask rich Americans to donate half their wealth
Student Loan Forgiveness in the mind of White House!
Microsoft to Invest Heavily in Branes & Noble's Nook
Man Dumps Animal Excrement Outside French Parliament in Protest!
Passengers of MH370 Suffocated, Flight Was On Autopilot - New Reports Reveal!
MakerBot Fires 20% Of Its Staffs!