Hong Kong is expected to see signs of an economic turnaround but only in the later part of the year. Photo: Sun Yeung
Hong Kong economy suffers biggest annual contraction on record, shrinking 6.1 per cent as coronavirus hammers tourism, local spending
- Key drivers of growth suffer from impact of global pandemic as city marks first back-to-back yearly decline of GDP since record-keeping began
- But government issues positive forecast for 2021 despite saying first half of year will be challenging
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Hong Kong economy
Hong Kong is expected to see signs of an economic turnaround but only in the later part of the year. Photo: Sun Yeung