Will the Value of Total Retail Sales in Hong Kong Continue to Fall?
Yicai Global
DATE:  Feb 18 2020
/ SOURCE:  yicai
Will the Value of Total Retail Sales in Hong Kong Continue to Fall? Will the Value of Total Retail Sales in Hong Kong Continue to Fall?

No, it will not.

The Hong Kong riots have affected local tourism, retail and many other sectors. Around 97 percent of retailers have lost money, and more than half have suffered serious losses since June, as per a recent survey by the Hong Kong Retail Management Association.

The Hong Kong Special Administrative Region's government will spare no efforts to restore social order in 2020, so the region's economy will get back on track. The Hong Kong government has announced multiple rounds of relief measures since August to support businesses and employment. Given the combination of various factors, the value of total retail sales in Hong Kong will rebound.

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Keywords:   Prediction 2020