DBS’s Tse Expects Hong Kong Growth at 1.5% for 2020

The video discusses the severe economic downturn in Hong Kong, highlighting the decline in retail sales and visitor numbers. It forecasts a slight GDP growth in 2020 despite previous declines. Inflation risks are rising due to increased food costs. The retail sector is struggling, with a significant drop in sales, especially in jewelry and watches, due to fewer mainland Chinese visitors. However, landlords are offering temporary rental adjustments to mitigate business closures and layoffs. Unemployment has risen but is not expected to reach 4%.

What measures are landlords taking to support tenants in the retail sector?

What is the current employment rate in Hong Kong and how has it changed?