HONG KONG—Hong Kong has fallen into recession, hit by five months of pro-democracy protests that erupted in flames over the weekend, and is unlikely to achieve any growth this year, the city’s Financial Secretary said.
“The blow (from the protests) to our economy is comprehensive,” Financial Secretary Paul Chan said in a blog post, adding that a preliminary estimate for third-quarter GDP on Oct. 31 would show two successive quarters of contraction—the technical definition of a recession.
