Hong Kong’s Unrest Is Having A Negative Influence On The Economy After more than three months of violent protests, the pressure in Hong Kong’s economy is intensified, with a series of indicators that have sharply weakened in July and August, threatening to bring the city into recession.
In particular, business sentiment between small and medium-sized enterprises declined to last month’s record levels, as in the purchasing managers index. Although official data are not yet available, the government estimates visitor inflows may have fallen by 40% in August. Although the deposit is fixed, it signals that the financial system is safe for the time being.
