Hong Kong latest to exit year-long recession

Between April and June, it says GDP grew 3.3% on a seasonally-adjusted basis, compared to the previous quarter, when the economy shrank 4.3%. The recovery comes after four consecutive quarters of negative growth beginning in Q2 2008. It is the latest country to show signs that the problems plaguing the world's economies are easing. Singapore's economy grew at an annualised 20.7% in the second quarter, while data out earlier this week showed France and Germany's economies also resumed growth in Q2 - much quicker than expected. Analysts say a pick up in world demand for exports an...