2023 was meant to be the year that Hong Kong made a comeback to the global scene, kicking off a period tainted by protests, political repression, and covid restrictions. Instead, this year ended up being one of the worst years for the financial centre in recent memory. The hang seng index has dropped 15%, placing it among the largest decliners in the world.

Hong Kong's comeback story turns terrible this year

Budget has been released today in Hong Kong - the economy is expected to grow between 3.5% to 5.5% this year after shrinking 3.5% last year. It is leaving behind Covid-19 restrictions and it has isolated the city from the rest of the world.

Hong Kong budget: Govt to raise taxes to boost revenue | World Business Watch | WION

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Hong Kong's comeback story turns terrible this year

Hong Kong budget: Govt to raise taxes to boost revenue | World Business Watch | WION