HONG KONG -- Hong Kong on Friday cut its growth forecast for the year to between -0.5% and 0.5%, citing pandemic headwinds and a weakening global outlook as the city maintains strict COVID-19 restrictions that hurt the economy.
Revised data confirm financial hub slipped into recession again
Scores of restaurants and other businesses have closed as Hong Kong's strict COVID rules kept crowds away. © Reuters
HONG KONG -- Hong Kong on Friday cut its growth forecast for the year to between -0.5% and 0.5%, citing pandemic headwinds and a weakening global outlook as the city maintains strict COVID-19 restrictions that hurt the economy.