Unemployment rate is forecast to reach 3.6%, the highest since June 2011. FMTNews HK
Months of anti-government protests last year pushed Hong Kong into its first annual recession in a decade.
Hotels, retailers, restaurants and construction are among the industries that were hit hardest as companies shorten hours and shutter operations, Chan wrote in a blog on Sunday.Chan’s remarks come as Hong Kong is set to release February jobs data on Tuesday. Months of anti-government protests last year pushed Hong Kong into its first annual recession in a decade, with economists forecasting a second contraction in 2020 as disruptions from the coronavirus outbreak further depress output.
The Hong Kong Monetary Authority on Monday reduced its benchmark interest rate, following the Federal Reserve’s move.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Premier League ‘may not finish’, says FA chiefLONDON: Football Association chairman Greg Clarke has reportedly told the Premier League he does not believe the domestic football season will be comp...
Read more »
Premier League ‘may not finish’, says FA chief | The Malaysian InsightFootball season thrown into doubt with massive financial penalties looming for abrupt end to top flight.
Read more »
Denmark reports first Covid-19 fatality | The Malaysian InsightOfficials say patient ‘a person aged 81 years who was hospitalised for other serious illnesses’.
Read more »
Apple closes all stores outside China until March 27 | The Malaysian InsightCEO says tech giant taking additional steps to protect workers and customers as rates of new infections grow.
Read more »
Sarawakians urged to cooperate in tackling Covid-19, says UggahCORONAVIRUS: If the disease continues to spread, there would not be enough hospital beds for patients, says Sarawak deputy chief minister.
Read more »