Hong Kong Economy May See Negative Growth This Year, Economist Says

The video discusses the economic challenges faced by Hong Kong due to protests, focusing on the impact on retail and tourism. Despite government stimulus efforts, the economy is expected to see negative growth. Retail and tourism sectors are under pressure, with significant declines in sales and tourist numbers. The government has implemented measures like rental waivers and tax incentives, but the outlook remains bleak. The economy's reliance on exports and finance provides some stability, but adjustments in retail and employment are necessary.

What was the government's response to the economic challenges in Hong Kong?

• Expansion of the tourism sector

• Reduction in export tariffs

• Implementation of fiscal stimulus

• Increase in interest rates

How have the protests affected retail sales in Hong Kong?

• Retail sales have increased due to higher demand

• Retail sales have remained stable

• Retail sales have contracted significantly

• Retail sales have only been affected in rural areas

What is one major factor contributing to the decline in domestic demand in Hong Kong?

• Increase in local tourism

• Fall in tourism numbers, especially from mainland China

• Growth in the technology sector

• Rise in international trade

What sector in Hong Kong has remained relatively stable despite the protests?

• Retail sector

• Finance industry

• Hospitality sector

• Tourism industry

What adjustment might retailers in Hong Kong need to consider due to the protests?

• Expanding their retail outlets

• Hiring more staff

• Increasing product prices

• Reducing some of their retail outlets