Financial Secretary Paul Chan said Hong Kong’s economy could fare even worse than expected. Photo: Nora Tam
Financial Secretary Paul Chan said Hong Kong’s economy could fare even worse than expected. Photo: Nora Tam

Hong Kong facing threat of worst recession ever, finance chief Paul Chan warns, as he predicts coronavirus will have ‘long-lasting’ impact

  • Paul Chan says economy could shrink by between 4 and 7 per cent, with recession worse than during global economic tsunami or Asian financial crisis
  • Financial secretary urges lawmakers to pass his budget and calls on people to resolve their differences

Financial Secretary Paul Chan said Hong Kong’s economy could fare even worse than expected. Photo: Nora Tam
Financial Secretary Paul Chan said Hong Kong’s economy could fare even worse than expected. Photo: Nora Tam
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