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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56639)	11/30/2001 3:31:26 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Friday November 30, 11:30 AM Hong Kong braces for grim GDP data sg.news.yahoo.com HONG KONG (Reuters) - Hong Kong's third quarter GDP figures due on Friday are expected to show the territory toppled into recession as the global economic slowdown depressed exports. Economists polled by Reuters on average expect third-quarter data to show the economy contracted 2.07 percent in the quarter year on year. On a quarter-on-quarter basis, the consensus among economists making a projection is for a 1.2 percent fall. The economy grew 0.5 percent in the second quarter year on year but contracted 1.7 percent on a quarter-on-quarter, seasonally adjusted basis. Another negative quarter-on-quarter figure would satisfy the common definition of a recession. For Hong Kong, it would be the second recession since Asia's financial crisis struck almost immediately after Britain handed Hong Kong back to mainland China after 150 years of colonial rule on July 1, 1997.