Why cutting quarantine won’t be enough to revive Hong Kong’s economy: Experts urge reopening of borders, full travel resumption

Cutting the quarantine period for arrivals in Hong Kong will not significantly boost local gross domestic product stunted by Covid-19 restrictions, economists have warned, as they predicted anaemic growth of between 0.75 per cent and 1.5 per cent for the year.

The experts all said that only reopening the city’s borders with mainland China and resuming quarantine-free travel would help revive the economy as the measures would reboot tourism-related sectors, such as retail, hotel and aviation.