The protests are 'exacerbating an already-weak economy' by harming the retail, tourism, and restaurant sectors, Financial Secretary Paul Chan said.
Hong Kong officially entered its first recession since the financial crisis after posting a 3.2% GDP contraction in the third quarter. The economic slowdown is primarily driven by antigovernment protests that dominated the July-to-September period. The demonstrations have hit the city's business owners, tourism industry, and investors.
Hong Kong officially entered its first recession since the financial crisis after posting a 3.2% GDP contraction in the third quarter. The economic slowdown is primarily driven by antigovernment protests that dominated the July-to-September period. The demonstrations have hit the city's business owners, tourism industry, and investors.
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