Past Events
What's Next for the Hong Kong Economy
We had a very interesting discussion about the economic prospects for Hong Kong at a Chamber webinar on 7 January 2021. Thanks to Government Economist Andrew Au and Professor Terence Chong of the Chinese University of Hong Kong for sharing their insights on the overall outlook, and Nicholas Kwan from HKTDC for his review of the trade aspect.
The speakers agreed that the outlook for 2021 will ultimately depend on the path of the pandemic, but if the coronavirus is brought under control we should see a return to growth. However, the worsening Covid situation in the United States and parts of Europe means that the global recovery may take some time, which will impact Hong Kong, as a highly externally driven economy. Better prospects can be seen in the Mainland, which has already returned to growth and is increasingly accessible to Hong Kong businesses through the Greater Bay Area.
2021/01/07
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