Hong Kong's leader Carrie Lam said the territory is likely to record negative growth for the year as months of protests have knocked the economy.
The unrest has disrupted businesses and dealt a particularly heavy blow to the tourism and retail sectors. The warning comes ahead of preliminary gross domestic product figures due on Thursday that are expected to show Hong Kong entered a technical recession.In a briefing in Hong Kong on Tuesday, Ms Lam said the third quarter growth numbers are likely to show that outcome.
To combat the slowdown, she said the city has so far injected more than HK$20bn to support the economy including the transport, tourism and retail sectors.Her comments follow a similar warning from the territory's Finance Secretary Paul Chan over the weekend. He said it would be"extremely difficult" to hit the government's pre-protest forecast of growth of between 0% and 1% for 2019.
Warning after Hong Kong destroyed? She must be fired and in jail for supporting terrorism. Terrorists are laughing at her.
Chinese were supposed to leave the H-K constitutional law alone for certain period of time. If they did they wouldn't have these problems coming.
Can this woman quit please before the world goes into recession