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WOMEN LOOK AT A COSMETIC SHOP IN HONG KONG, 1998-08-25 (photo)

IMAGE number
REU8152486
Image title
WOMEN LOOK AT A COSMETIC SHOP IN HONG KONG, 1998-08-25 (photo)
Auto-translated text View Original Source
Photographer
Bobby Yip
Medium
photograph
Date
1998 AD
Shooting Date
1998-08-25
Image description

Women walk past a cosmetic store along a shopping district in Hong Kong August 25. Hong Kong retail sales slumped for the eighth consecutive month in June under Asia's economic crisis, emphasising the depths of the territory's recession. Sales fell 16 percent year-on-year in value terms as well as in volume, or inflation-adjusted terms. Rising unemployment, declining asset values and persistently high interest rates have sapped consumers confidence and dampened their enthusiasm for spending. BY/CC/JDP

Photo credit
REUTERS/Bobby Yip / Bridgeman Images
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