Hong Kong is bracing for an economic beating as the coronavirus pandemic continues to rage across the globe. Photo: K. Y. Cheng Hong Kong is bracing for an economic beating as the coronavirus pandemic continues to rage across the globe. Photo: K. Y. Cheng
Hong Kong is bracing for an economic beating as the coronavirus pandemic continues to rage across the globe. Photo: K. Y. Cheng

Coronavirus: Hong Kong’s deficit could balloon beyond HK$276.6 billion, with economy shrinking more than expected, finance chief warns

  • Paul Chan says authorities are working to help employers and prevent as many SMEs as possible from folding
  • He doubles down on decision to tap into reserves, while urging banks to be considerate on loan repayments

Topic |   Coronavirus pandemic
Hong Kong is bracing for an economic beating as the coronavirus pandemic continues to rage across the globe. Photo: K. Y. Cheng Hong Kong is bracing for an economic beating as the coronavirus pandemic continues to rage across the globe. Photo: K. Y. Cheng
Hong Kong is bracing for an economic beating as the coronavirus pandemic continues to rage across the globe. Photo: K. Y. Cheng
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