Hong Kong to Post First Budget Deficit in 15 Years, Government Says

The video discusses Hong Kong's first budget deficit in 15 years, attributed to declining revenue rather than increased spending. The economic impact includes a projected 1.3% contraction and significant drops in retail sales, exacerbated by reduced visitor arrivals from mainland China. Hong Kong Airlines faces financial difficulties, reflecting broader economic challenges. Ongoing protests, fueled by unmet demands and recent political developments, continue to disrupt the region, with no resolution in sight.

What is the main reason for Hong Kong's first budget deficit in 15 years?

• Increased government spending

• High inflation rates

• Dropping revenue

• Large stimulus package

What is the expected contraction percentage for Hong Kong's economy?

• 1.3%

• 0.8%

• 3.0%

• 2.5%

What percentage drop in retail sales is expected in Hong Kong?

• 21.8%

• 30.2%

• 10.0%

• 15.5%

Which airline is facing financial difficulties due to reduced visitor arrivals?

• Cathay Pacific

• China Eastern Airlines

• Hong Kong Airlines

• Singapore Airlines

What event is believed to have emboldened the protesters in Hong Kong?

• The announcement of a new budget

• The end of the protests

• The increase in retail sales

• The signing of the Hong Kong Human Rights and Democracy Act