Coronavirus: Hong Kong’s economy is moving in the right direction, but low vaccination rate will hamper growth, finance chief says

May 9, 2021 | INVESTING

Hong Kong’s economy is moving towards recovery, but its slow progress in vaccinating residents against the coronavirus could hold back growth, the city’s finance chief has warned.While private consumer spending increased by 1.6 per cent in the last quarter, after falling for the previous six, current growth was still mostly being driven by exports, Financial Secretary Paul Chan Mo-po wrote on his blog on Sunday.However, other sectors of the economy, including the food and beverage industry,…

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