The risk of further contraction in the Hong Kong economy, which was buffeted by ...
FILE PHOTO: Workers at work at West Kowloon Terminus, under construction for the Guangzhou-Shenzhen-Hong Kong Express Rail Link, with a backdrop of the financial district in Hong Kong, China July 21, 2017. Picture taken July 21, 2017. REUTERS/Bobby Yip
“As it enters 2020, it has not shaken off the risk of continued decline, but has encountered the threat of a new coronavirus pneumonia epidemic, which will definitely cause a double blow to the economy,” Chan said in a blog post. Hong Kong sank into recession for the first time in a decade in the third quarter as political protests plunged the city into its worst crisis since it reverted from British to Chinese rule in 1997.
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