Hong Kong’s economy has been hammered by the double whammy of protests and the pandemic. Photo: Edmond So Hong Kong’s economy has been hammered by the double whammy of protests and the pandemic. Photo: Edmond So
Hong Kong’s economy has been hammered by the double whammy of protests and the pandemic. Photo: Edmond So

Coronavirus: Fitch downgrades Hong Kong as pandemic poses ‘economic shock’

  • Government says the move does not give ‘due recognition to the strong fundamentals underpinning the local economy and financial market’
  • City’s rating ­lowered to AA-minus from AA with a stable outlook, with real GDP expected to fall by 5 per cent

Topic |   Coronavirus pandemic
Hong Kong’s economy has been hammered by the double whammy of protests and the pandemic. Photo: Edmond So Hong Kong’s economy has been hammered by the double whammy of protests and the pandemic. Photo: Edmond So
Hong Kong’s economy has been hammered by the double whammy of protests and the pandemic. Photo: Edmond So
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