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.

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