Hong Kong Forecasts 2021 GDP Growth of 3.5% to 5.5%

The video discusses Hong Kong's economic challenges due to the pandemic and social unrest, highlighting a 6.1% economic contraction and high unemployment. The budget includes tax breaks and consumption vouchers to stimulate the economy. The financial secretary forecasts 3.5% to 5.5% growth for 2021. Long-term strategies focus on infrastructure and integration with southern China's economies. Vaccination rollout and easing restrictions aim to support recovery, with optimism for growth in the latter half of 2021.

What was the economic contraction percentage for Hong Kong in the full year as mentioned in the budget?

• 3%

• 6.1%

• 7%

• 5.5%

What is the amount of consumption vouchers being provided in the current budget?

• 645 U.S. dollars

• 5,000 Hong Kong dollars

• 1,300 U.S. dollars

• 10,000 Hong Kong dollars

What is the forecasted economic growth range for Hong Kong in 2021?

• 1% to 2%

• 2% to 3%

• 3.5% to 5.5%

• 6% to 7%

Which long-term issue is highlighted as a significant concern in the budget?

• Direct cash handouts

• Land supply

• High unemployment rate

• Travel bubbles

What is the government's strategy to stimulate the economy once vaccinations begin?

• Reduce tax breaks

• Implement travel restrictions

• Focus on infrastructure projects

• Increase direct cash handouts