Hong Kong's Recovery and Changing Dynamics: A Six-Monthly Report on Nostr: 70% of Hong Kong’s Small Businesses Report Income Drop Below Pre-Covid Levels ...
70% of Hong Kong’s Small Businesses Report Income Drop Below Pre-Covid Levels
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#d0c70c5a ver:0.48
Despite Hong Kong's positive economic growth, with GDP expanding by 2.7% in Q1 2024, 70% of small businesses report income below pre-Covid levels. The city aims to attract more tourists and investment, but faces challenges in implementing the Sino-British Joint Declaration and maintaining stability. Confidence in Hong Kong remains, with the number of Americans living there reaching its highest level since the pandemic. However, the city's struggling housing market, eroding freedoms, and poor stock market performance are concerns. The economy is projected to grow by 2.5% to 3.5% this year. #HongKong #economy #smallbusinesses #tourism...
#newstr #HongKong #GdpGrowth #SmallBusinesses #IncomeDrop
https://here.news/story/d0c70c5a?ver=0.48
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#d0c70c5a ver:0.48
Despite Hong Kong's positive economic growth, with GDP expanding by 2.7% in Q1 2024, 70% of small businesses report income below pre-Covid levels. The city aims to attract more tourists and investment, but faces challenges in implementing the Sino-British Joint Declaration and maintaining stability. Confidence in Hong Kong remains, with the number of Americans living there reaching its highest level since the pandemic. However, the city's struggling housing market, eroding freedoms, and poor stock market performance are concerns. The economy is projected to grow by 2.5% to 3.5% this year. #HongKong #economy #smallbusinesses #tourism...
#newstr #HongKong #GdpGrowth #SmallBusinesses #IncomeDrop
https://here.news/story/d0c70c5a?ver=0.48