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
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

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