Hong Kong Economy to be Hit by Omicron Wave, Finance Chief Says

Hong Kong Financial Secretary Paul Chan expects the city’s economy to take a hit as a fifth wave of coronavirus infections sparked by the omicron variant takes hold.

The government has yet to give economic forecasts for 2022, which is expected during Chan’s annual budget speech in February, but he said in his blog post on Sunday that he will also take into account the global pandemic, supply-chain bottlenecks and changes in monetary policies by western central banks in making his predictions. 

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