November 19, 2019
Increasingly violent anti-government protests in Hong Kong have dealt a major blow to the city's once booming economy. Tourism – an economic lifeline in that city – has dropped, and retailers are suffering from a sharp decline in sales. Now, six months since the unrest began, Hong Kong has recorded its first recession in a decade, meaning its economy has contracted for two consecutive quarters. Here's a look at how Hong Kong's quarterly gross domestic product (GDP) growth has fared during the past two years.
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In this Quick Take, Ian Bremmer breaks down the escalating US-Israel war with Iran and its ripple effects on global markets and supply chains.
As missiles fly and oil prices soar, the Iran war is exposing another major resource vulnerability in the Middle East: water. Fresh water has been a scarce commodity in a region defined by a dry climate and low rainfall, but attacks on the region’s desalination plants, which convert seawater into drinking water, threaten to open a new front.
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