The IMF said further escalation in the US-China trade war could have negative spillovers for Hong Kong business and employment in related industries. Photo: Winson Wong

Hong Kong needs bigger handouts, fiscal push to lift economic growth from its worst slump in a decade, IMF says

  • IMF trims Hong Kong’s growth outlook for 2020 as economy heads for first contraction in a decade this year
  • Washington-based fund recommends stepping up spending through 2024 to widen social safety nets
Topic |   Hong Kong economy

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The IMF said further escalation in the US-China trade war could have negative spillovers for Hong Kong business and employment in related industries. Photo: Winson Wong
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Carrie Lam has promised more government intervention to combat the worsening economic situation in Hong Kong. Photo: Dickson Lee

Hong Kong leader Carrie Lam announces fourth round of relief measures for economy battered by anti-government protests

  • Officials to ‘target businesses and sectors that are facing difficulties’
  • GDP is forecast to contract this year, with government coffers on course for first budget deficit in 15 years
Topic |   Hong Kong protests

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Carrie Lam has promised more government intervention to combat the worsening economic situation in Hong Kong. Photo: Dickson Lee
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