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Hong Kong authorities revises progress forecast to zero to 1 per cent and warns of technical recession amid robust financial headwinds however makes solely oblique point out of protests – NEWPAPER24

Hong Kong authorities revises progress forecast to zero to 1 per cent and warns of technical recession amid robust financial headwinds however makes solely oblique point out of protests

2019-08-15 08:36:17



The Hong Kong authorities is revising progress to zero to 1 per cent citing robust financial headwinds and to counter the ache, it introduced a basket of additional price range measures to the tune of HK$19.1 billion (US$1.16 billion), spanning reliefs for small companies to extra beneficiant pupil subsidies and goodies for low-income households.Making the announcement on Friday, Monetary Secretary Paul Chan Mo-po cited a bunch of causes for the measures however steered away from mentioning the present social unrest…

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