Hong Kong Economy to Shrink in Fourth Quarter, Finance Head Says

The video discusses the economic challenges facing Hong Kong, highlighting a recession with two consecutive quarters of contraction. Retail sales have significantly declined, exacerbated by ongoing protests and reduced tourism. The protests, which have affected the economy, are expected to continue into 2020, albeit on a smaller scale. Authorities are planning measures to support businesses and revive the economy.

What was the economic condition of Hong Kong in 2019 according to the transcript?

• Economic boom

• Economic contraction

• Economic growth

• Stable economy

What was a significant factor contributing to the decline in retail sales in Hong Kong?

• Increase in local tourism

• Expansion of local businesses

• Drop in mainland visitors

• Rise in online shopping

How did the protests affect Hong Kong's status as a shopping destination?

• It enhanced its appeal

• It had no effect

• It started losing its shine

• It became more popular

What is the expectation of authorities regarding the protests in 2020?

• They will continue on a smaller scale

• They will completely stop

• They will shift to other regions

• They will escalate significantly

Who organized the planned rally on January 1st?

• Local businesses

• Hong Kong government

• International organizations

• Civil human rights front