Hong Kong falls into recession

The freedom-fighters continue to protest against the Communists in China, but it isn`t cheap. The Hong Kong economy shrank 2,9 percent YoY in the third quarter of 2019. They`re on the way down to recession for the first time since the third quarter of 2009.

The economy is declining while the government spending are growing at a faster pace. What a toxic mix. Government spending increased 5,3 percent while fixed investment declined 16,3 percent. Private consumption shrank 3,5 percent and exports of goods fell 7 percent.

The freedom-fighters in Hong Kong have used masks for months now, but today they celebrated Halloween. But the Hong Kong police fired tear gas into the crowd of masked Halloween protersters.

People in Hong Kong need to know that the rest of the world is supporting them, and everybody in this world must ask themselves what the value of money is compared to freedom? Readers of Shinebull.com know that money is worthless. Freedom isn`t.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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