Originally posted by the Voice of America. Voice of America content is produced by the Voice of America, a United States federal government-sponsored entity, and is in the public domain. Hong Kong Economy Shrinks in 2019 VOA News Hong Kong confirmed Monday the country plunged into a recession in 2019, suffering its first annual contraction in a decade, after falling under the twin pressures of the US-China trade war and months of pro-democracy protests. China's coronavirus outbreak is now adding to the economic pressure. Government data released Monday showed Hong Kong's Gross Domestic Product in 2019 contracted by 1.2% on-year. .