From stability to prosperity: HK economy returns to global forefront 🌏
Back in 2019, social unrest since June triggered what's known as the 'legislative amendment turmoil' in the Hong Kong Special Administrative Region (HKSAR). The result? Tourism, shopping sprees, and investment vibes took a major hit 😬.
Check out the numbers:
- GDP dropped 1.7% in 2019 6 the city's first annual decline since the 2009 financial crisis 📉.
- Visitor arrivals rose 13.9% in the first half but plunged 39.1% in the second half, ending the year down 14.2% in total 🧳.
- Retail sales slid 12.3% in 2019 6 the steepest yearly fall between 1998 and 2019 🛍️.
These figures show how deeply 2019 set back HK's economic engine. Yet they also highlight the city's remarkable resilience. Stay tuned as Hong Kong charts its comeback on the global stage ✨.
Reference(s):
From stability to prosperity: HK economy returns to global forefront
cgtn.com
