Hong Kong forecasts economy will grow 3.5-5.5% in 2021 vs -6.1% in 2020

Reuters | Hong Kong | Updated: 24-02-2021 13:23 IST | Created: 24-02-2021 08:45 IST
Hong Kong forecasts economy will grow 3.5-5.5% in 2021 vs -6.1% in 2020
File photo. Image Credit: ANI

Hong Kong's economy is expected to expand by 3.5% to 5.5% this year, compared with a 6.1% contraction in 2020, Financial Secretary Paul Chan said on Wednesday, as he announced his budget for the Asia financial hub.

The Chinese-ruled city's economy has been in a prolonged recession since 2019, when often-violent pro-democracy protests erupted, with last year's coronavirus outbreak further curbing a wide range of economic activities.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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