Hong Kong finance chief warns of high chance of recession by year-end
Updated 8 months ago ·
Published on 22 Sep 2022 3:10PM ·
HONG Kong is set to end the year in the midst of a full-blown recession, the city’s finance chief warned today, as Covid-19 controls and spiralling interest rates hammer the economy.
“There is a very high chance for Hong Kong to record a negative GDP (gross domestic product) growth for this year,” financial secretary Paul Chan told reporters.
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