Financial secretary calls fall in tourism an ‘emergency’ and says it will be extremely difficult for city to achieve any annual growth
Hong Kong’s financial secretary has said the region is in recession after more than five months of anti-government protests, and said it was unlikely to achieve annual economic growth this year.
“The blow to our economy is comprehensive,” Paul Chan said in a blog post on Sunday, adding that figures out on Thursday would show two successive quarters of contraction – the technical definition of a recession.
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