” The real effect of this [coronavirus] epidemic on Hong Kong’s economy is quite big, and may be higher than the impact of SARS on the economy in 2003,” Financial Secretary Paul Chan wrote in a post
” In addition to the epidemic, the regional situation has not completely escaped the haze of last year’s social events. It is essential to preserve a cautious mindset towards the short-term economic outlook.”
” Such “tsunami-like” shocks may trigger the unemployment rate to deteriorate rapidly. Indeed, the predicted fiscal deficit for the new (2020/21), in regards to amount, may be the highest ever.”
” The impacted areas are no longer restricted to retail, catering or tourism-related markets … I hope we can endure this financial winter season that might not be a half-moment.”
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source https://jobsearchtips.net/hong-kong-cautions-of-tsunami-like-shocks/
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