Hong Kong has fallen into recession, hit by more than five months of anti-govern...
HONG KONG - Hong Kong has fallen into recession, hit by more than five months of anti-government protests that show no signs of relenting, and is unlikely to achieve annual economic growth this year, the city’s Financial Secretary said.
He also said it would be “extremely difficult” to achieve the government’s pre-protest forecast of 0-1 % annual economic growth. The MTR has shut services early for the past few weeks and said it will close around two hours earlier than normal on Monday by 11 p.m. to repair damaged facilities. While authorities have announced measures to support local small and medium seized enterprises, Chan said the measures could only “slightly reduce the pressure”.
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