Hong Kong has been reeling from the impact of the Covid-19 epidemic, with tax breaks and cash handouts among a relief package rolled out by the government. Photo: AFP

Coronavirus crisis to hit economies worldwide, Hong Kong finance chief warns, citing downgraded analyst forecasts

  • Paul Chan points to bleak adjustments on growth by economic agency and IMF, as well as lowered interest rates in central banks of Western countries
  • He says he hopes that HK$120 billion package unveiled in budget address can help city through rocky period
Topic |   Coronavirus outbreak
Hong Kong has been reeling from the impact of the Covid-19 epidemic, with tax breaks and cash handouts among a relief package rolled out by the government. Photo: AFP
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