Insight Forum - The Impacts of the Social Unrest and the COVID-19 Epidemic on the Hong Kong Economy, and the Way Forward - YouTube Live Broadcast
Insight Forum - Webinar with Professor Lawrence J. Lau
The Impacts of the Social Unrest and the COVID-19 Epidemic on the Hong Kong Economy, and the Way Forward
Tuesday, 29 September, 2020 | 11:00-12:00
Medium of language: English
Professor Lawrence J. Lau
Ralph and Claire Landau Professor of Economics
Lau Chor Tak Institute of Global Economics and Finance
The Chinese University of Hong Kong
START STREAMING SEPTEMBER 29
- The social unrest and Covid-19 epidemic have dealt a double blow to the Hong Kong economy since Q2 2019, with the former estimated to have shaven 3.7% off the city’s real GDP in 2019, and the latter expected to cause a loss of GDP by as much as 11.4% in 2020.
- Despite lingering Covid-19 conditions for now, as social unrest has subsided considerably, the Hong Kong economy may recover to positive-growth in 2021. Recovery, however, is likely to be slow unless the Government takes the lead in increasing aggregate demand through suitable and timely public investment expenditures. Some possible areas for such investments are identified.