- Local trade has been buffeted by the US-China trade war and political unrest on the streets
- It would be the first annual decline since 2009
Hong Kong's economy is expected to shrink by 1.3 per cent this year under the shadow of the US-China trade war and political unrest in the city, officials said on Friday.
It would be the first annual decline since 2009.
The government downgraded its forecast for the city's gross domestic product (GDP) expansion for the second time this year, from a previous prediction of between 0 and 1 per cent growth. The initial estimate, before August, was 2 to 3 per cent.
The year-on-year figure for the third quarter showed a drop of 2.9 per cent, the biggest year-on-year contraction in a decade.
Earlier this month, Financial Secretary Paul Chan Mo-po warned a further downgrade for 2019 might be "unavoidable" and there was a "very big chance" the city would be in recession for the whole year.
More to follow …
Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.
Ryan 香港民研(HKPORI)?
香港民意研究所顧問:
HKPORI two advisors:
梁啟智
LEUNG Kai Chi
中大新聞與傳播學院客席講師
Part-time Lecturer, School of Journalism and Communication, CUHK
黃偉國
Benson WONG
香港文化研究、政治學獨立學者
Independent Scholar in Hong Kong Cultural Studies and Political Science
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PS. Most of the CUHK students are “RIOTERS”
All HK people know that they are all “FAKE” survey results!
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大家多d去英文版like或廣傳,最好傳出外國網站,以表真實民意,謝謝
唔可以比美國奸計得逞!相信好多文宣會出現
2019年11月15日14:30
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