Saturday 17 April 2021
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scmp - 2 month ago

Hong Kong budget: full economic recovery will take time, say experts, despite expectation that HK$100 billion infrastructure spending spree will fuel growth

Hong Kong will bank on HK$81 billion of one-off sweeteners and spending HK$100 billion in public works to pull the city out of its worst recession ever, but economists said a full recovery would take time.In his budget speech on Wednesday, Financial Secretary Paul Chan Mo-po forecast the economy would bounce back to growth of anywhere between 3.5 per cent and 5.5 per cent this year from a record 6.1 per cent contraction last year.While there were fewer sweeteners, which have been cut by one…


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