KONTAN.CO.ID - HONG KONG. Hong Kong's embattled leader Carrie Lam said on Tuesday she expects the Asian financial hub to record negative economic growth for the full 2019 year, as the city grapples with five months of often violent anti-government protests. Lam was speaking two days after Financial Secretary Paul Chan said Hong Kong has fallen into recession and was unlikely to achieve any growth this year. The protests, which started over a now-withdrawn extradition bill that would have allowed suspects to be sent to mainland China for trial, have evolved into calls for greater democracy and plunged the city into its biggest political crisis in decades. They have also taken a heavy toll on the economy.
Hong Kong leader says expects city to record negative growth in 2019
KONTAN.CO.ID - HONG KONG. Hong Kong's embattled leader Carrie Lam said on Tuesday she expects the Asian financial hub to record negative economic growth for the full 2019 year, as the city grapples with five months of often violent anti-government protests. Lam was speaking two days after Financial Secretary Paul Chan said Hong Kong has fallen into recession and was unlikely to achieve any growth this year. The protests, which started over a now-withdrawn extradition bill that would have allowed suspects to be sent to mainland China for trial, have evolved into calls for greater democracy and plunged the city into its biggest political crisis in decades. They have also taken a heavy toll on the economy.