Hong Kong’s leader has pledged to maintain government investment to stimulate economic growth, a day after it was revealed the coronavirus pandemic had pushed the city into a deep recession.Chief Executive Carrie Lam Cheng Yuet-ngor admitted on Tuesday that the situation was worse than anticipated, after Financial Secretary Paul Chan Mo-po said gross domestic product was expected to shrink 8.9 per cent year on year in the first quarter.“Although many economists have predicted the economy would…
from South China Morning Post https://bit.ly/2Yxgsxw
Tuesday, May 5, 2020
Coronavirus: Hong Kong leader Carrie Lam pledges to maintain investment in economy as city slips into deep recession, but no word on when social-distancing rules will be eased
Subscribe to:
Post Comments (Atom)
Hello, my name is Jack Sparrow. I'm a 50 year old self-employed Pirate from the Caribbean.
No comments:
Post a Comment