Hong Kong's Technical Recession in 3Q Possible, Economist Says

The video discusses the notable increase in unemployment in Hong Kong's retail sector, reaching 4.6%, the highest since 2017. Other industries like trade and finance show stability or slight improvement. The protests and trade tensions between Beijing and Washington are exacerbating economic challenges, potentially leading to a recession. The government has introduced relief measures and plans to address these issues in upcoming policies.

Which sector experienced the highest increase in unemployment rate?

• Financial sector

• Retail sector

• IT sector

• Trade sector

What is a possible reason why the overall unemployment rate is not significantly affected by the retail sector?

• Retail sector constitutes less than 10% of the labor market

• Retail sector has the highest employment rate

• Retail sector has the lowest unemployment rate

• Retail sector is the largest part of the labor market

Which industries have been most affected by the protests?

• Trade and financial sectors

• Manufacturing and trade sectors

• Retail and tourism-related industries

• IT and financial sectors

What external factor is contributing to the economic slowdown in Hong Kong?

• Increased tourism

• Trade war between Beijing and Washington

• Decrease in housing supply

• Rise in retail sales

What measures has the government taken to address the economic challenges?

• Increased taxes

• One-off relief measures and policy adjustments

• Reduction in trade tariffs

• Expansion of the retail sector