Hong Kong budget sweeteners help, but city’s prolonged isolation from ‘zero-infection’ strategy a threat to growth, economists warn

Hong Kong is staring at recession and uncertainty in the labour market in the first half of this year despite the government’s HK$170 billion (US$21.8 billion) package of measures to fight the havoc wreaked by the Covid-19 pandemic.Business chambers welcomed Financial Secretary Paul Chan Mo-po’s budget on Wednesday, in which he dished out financial aid to individuals and businesses and set the scene for post-pandemic economic growth.But some economists remained worried about Hong Kong’s…

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