The economic outlook for Hong Kong is gloomy.  Photo: Xiaomei Chen
The economic outlook for Hong Kong is gloomy. Photo: Xiaomei Chen

Hong Kong downgrades economic forecast for 2022 after first-quarter GDP shrinks worse-than-expected 4 per cent

  • Government downgrades its full-year forecast for economic growth to 1-2 per cent for 2022
  • Combined effects of slower global demand, disruptions in cross-border trade and the pandemic took their toll on city, government economist says

The economic outlook for Hong Kong is gloomy.  Photo: Xiaomei Chen
The economic outlook for Hong Kong is gloomy. Photo: Xiaomei Chen
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