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

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

Assessment

Interactive Video

Business, Social Studies

University

Hard

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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.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures has the government implemented to support the economy during the protests?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How have retail sales been affected by the protests in Hong Kong?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact has the decline in tourism had on the local economy?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways do you think the retail sector will need to adjust in response to the current economic conditions?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential long-term effects of the protests on Hong Kong's economy?

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