A Drop in Tourism Is Threatening Hong Kong’s Economy (PIIE)

Racked by antigovernment protests since June 2019, Hong Kong is on the brink of recession. Its economy contracted by 0.4 percent in real terms in the second quarter of 2019 over the preceding quarter. If this trend has continued in the third quarter, Hong Kong might have already fallen into a technical recession,[1] as the territory’s financial secretary has warned. A leading cause of its economic troubles is the well-publicized plunge in the tourism industry

https://www.piie.com/blogs/china-economic-watch/drop-tourism-threatening-hong-kongs-economy

Tianlei Huang (PIIE)

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