Hong Kong Economy May Recover in 4Q, Financial Secretary Says

The video discusses the economic outlook for the year, highlighting dependencies on global coronavirus control, US-China trade relations, and local consumption initiatives. It addresses the challenges in rolling out stimulus packages due to taxation and data privacy laws. The first quarter GDP decline is noted, with future forecasts dependent on global recovery. Concerns about capital flight are addressed, with assurances of financial stability despite temporary currency exchange phenomena.

What is the projected GDP contraction for the full year?

What observations were made regarding capital flight in Hong Kong?