Home Business News Hong Kong set for record negative growth

Hong Kong set for record negative growth

by LLB Reporter
29th Oct 19 1:25 pm

As a result of many months of anti-government protests, Carrie Lam Honk Kong’s leader is expecting negative economic growth for 2019 as the territory has plunged into deep political crisis.

Earlier this week Paul Chan the financial secretary said Hong Kong has fallen into a recession with the possibility of no growth this year.

Last week the government announced relief measures of 2bn Hong Kong dollars to help support the failing economy.

Protestors took to the streets over increasing Chinese interference with the territory and have paralysed the business district since June.

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