Months of anti-government protests last year pushed Hong Kong into its first annual recession in a decade.
Hotels, retailers, restaurants and construction are among the industries that were hit hardest as companies shorten hours and shutter operations, Chan wrote in a blog on Sunday.Chan’s remarks come as Hong Kong is set to release February jobs data on Tuesday. Months of anti-government protests last year pushed Hong Kong into its first annual recession in a decade, with economists forecasting a second contraction in 2020 as disruptions from the coronavirus outbreak further depress output.
The Hong Kong Monetary Authority on Monday reduced its benchmark interest rate, following the Federal Reserve’s move.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: