HK economy seen to slip further as epidemic takes its toll

A visitor wearing a protective mask walks past a postcard display inside a shopping mall at Victoria Peak in Hong Kong, China. The outlook for the Hong Kong economy in 2020 is “subject to high uncertainties”. - Bloomberg

HONG KONG (China Daily/ANN): The novel coronavirus outbreak has posed a double whammy for Hong Kong’s economy that’s already in a recession after being battered by months of social unrest, economists said.

“The virus outbreak has cast a cloud over an anticipated trade recovery and presented additional risks to an already lacklustre economy, ” said Yao Aidan, a senior emerging Asia economist at AXA Investment Managers.