Hong Kong to spend $15.4B to stabilize virus-ravaged economy ...Egypt

HONG KONG (AP) — Hong Kong will introduce 120 billion Hong Kong dollars ($15.4 billion) in fiscal measures to help businesses and residents impacted by the coronavirus pandemic, as it looks towards economic growth later this year following a recession in 2020. The measures — which include tax relief, loans for the unemployed and consumption vouchers — are aimed at stabilizing the economy, Hong Kong Finance Minister Paul Chan said in a budget speech Wednesday. He forecast the economy is set to grow 3.5% to 5.5 percent this year, compared to the economic contraction of 6.1% in 2020. The budget for 2021 “aims to alleviate the hardship and pressure caused by the economic downturn and the epidemi

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Hong Kong to spend $15.4B to stabilize virus-ravaged economy ...Egypt

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