With the coronavirus beginning to exact its economic cost, Hong Kong must brace itself for a tide of woe

As debate now wilts over whether the world’s economies are crashing into a pandemic-induced recession, attention is turning to how deep it will be and how long it will last. The answer is deep – and how long it lasts depends on management of the pandemic itself and on how governments and business leaders respond.Martin Wolf at the Financial Times may have been stating the obvious when he said, “Think big. Act now. Together.” But governments have dithered and conspicuously failed to work…

from South China Morning Post https://bit.ly/3aakNcX