Global slowdown, geopolitics biggest concerns for Hong Kong firms in year ahead, chamber survey finds

Two in three firms in Hong Kong expect their business turnover to remain unchanged or to decline in 2024 because of external uncertainties, a survey by one of the city’s biggest chambers has found, with companies taking a more pessimistic view than last year.

The Hong Kong General Chamber of Commerce revealed the results of its annual business sentiment survey on Wednesday, with 20 per cent of 200 firms saying they expected a decrease in turnover in 2024.