Hong Kong budget: Paul Chan’s forecast of a quick recovery from Omicron is just not realistic

There was a sense of surreal disconnection as I listened on Wednesday to Financial Secretary Paul Chan Mo-po unveil his 2022 budget. On top of the social distance of the video conference was the economic distance between the almost normal picture he was painting, and the zombie economy we are feeling for ourselves.Paul Chan’s description – 6.4 per cent economic growth in 2021, with unemployment down from 7.2 per cent to 3.9 per cent, private consumption up 5.6 per cent and exports up 19 per…

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