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Economy

Hong Kong rolls out $15.5bn stimulus plan to boost economy

Financial hub forecasts GDP growth of 3.5% to 5.5% to end recession

Hong Kong Financial Secretary Paul Chan on Wednesday said the budget deficit for the fiscal year ending March 31 will reach HK$257.6 billion, a record for the city.   © Reuters

HONG KONG -- The Hong Kong government will introduce stimulus measures totaling 120 billion Hong Kong dollars ($15.5 billion) to jump-start the coronavirus-stricken economy in the new financial year.

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