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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Hong Kong's economy suffered its worst quarterly contraction since modern records began, official figures showed Monday, as the coronavirus hammered a business hub already mired in recession from political unrest and trade war woes. The semi-autonomous Chinese city was suffering long before the global pandemic burst out of China thanks to months of debilitating street protests and the knock-on effect of Washington and Beijing's trade dispute. But fallout from the coronavirus has pushed the city deeper into recession with the worst quarterly downturn in modern times. Advance figures released Monday showed the economy contracted 8.9 percent in the first quarter compared to the same period last year. That figure beats both an 8.3 percent contraction during the Asian financial crisis in 1998 and a 7.8 drop in early 2009 following the global crash. "This was the largest decline on record since the reference period of the first quarter of 1974," the government said, referencing the year it began tracking comparable data. The fall is also the third straight quarter Hong Kong's economy has declined, making it the deepest recession stretch since 2009. jta/je
schema:headline	Hong Kong economy shrinks record 8.9% in first quarter
schema:mentions	Trade war Beijing Recession Asia Hong Kong City Pandemic China Coronavirus Modern Records Jewish Telegraphic Agency
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-04 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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