Hong Kong's economy is expected to expand at an average growth rate of 2.8% in real terms from 2021-2024, Financial Secretary Paul Chan said on Wednesday, as he announced his budget for the Asia financial hub.
Chan also forecast 2020 gross domestic product to range between a contraction of 1.5% and growth of 0.5%.
Hong Kong's open and trade-reliant economy has been buffeted by risks, including the shock of often-violent protests in the second half of last year and the outbreak of a coronavirus in the beginning of this year.
(Reporting by Donny Kwok and Twinnie Siu; Editing by Anne Marie Roantree and Shri Navaratnam)
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| 3.42 HKD | 0.00% | +0.59% | 406M | ||
| 702 JPY | -0.85% | -3.57% | 61.61M | ||
