Wednesday 27 October 2021
Home      All news      Contact us      RSS     
scmp - 14 days ago

Typhoon Kompasu to cost Hong Kong between HK$2 billion and HK$3 billion in economic losses

The havoc wreaked by Typhoon Kompasu will cost Hong Kong anywhere between HK$2 billion (US$257 million) and HK$3 billion, according to economists, as businesses across the city remain shut.Chinese University associate professor of economics Terence Chong Tai-leung on Wednesday put the economic loss caused by Kompasu at about HK$3 billion, based on the average value of the gross domestic product (GDP) generated in one day, taking reference from last year’s overall GDP figure of about HK$2.7…


Latest News
Hashtags:   

Typhoon

 | 

Kompasu

 | 

between

 | 

billion

 | 

billion

 | 

economic

 | 

losses

 | 

Sources