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Economy

ADB slashes Hong Kong growth forecast to 0.3% amid political turmoil

Lender cuts region's growth outlook for this year to 5.4% from 5.7%

A man closes gates to the shop as riot police walking past after a march at Mongkok, Hong Kong, China August 17, 2019.   © Reuters
CLIFF VENZON and FRANCESCA REGALADO, Nikkei staff writers | Southeast Asia

MANILA/TOKYO -- Hong Kong's economic growth this year is set to drastically slow as the U.S.-China trade war and unrest in the city hits business activity, the Asian Development Bank said on Wednesday.

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