Reuters: Bankruptcy News: HK bankruptcy petitions up 2.8 pct in March vs Feb

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HK bankruptcy petitions up 2.8 pct in March vs Feb Apr 20th 2012, 04:06 Tweet Share this Email Print Fri Apr 20, 2012 12:06am EDT HONG KONG, April 21 (Reuters) - Hong Kong bankruptcy petitions in March rose 2.8 percent from the month before to 777, but were down 10.3 percent from a year earlier, government data showed on Friday. The number of bankruptcy petitions totalled 2,051 for the first three months of 2012, up 0.6 percent from a year earlier. Bankruptcy orders were at 1,865 for January-March, down 4.1 percent from a year ago. Data on Thursday showed unemployment stood at 3.4 percent in January-March, 2012. The government has forecast GDP growth of 1-3 percent for 2012, lower than 5 percent growth in 2011. (Reporting by Christina Lo; Editing by Chris Lewis) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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