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Market for just a couple months now open again for business but the damage is being done to its most important industry. Ive been fizzling its a Business Done a mosque its halloween but theres a ban on them in hong kong still thats not stopping demonstrators from joining in celebrations at the same time is continuing their campaign to preserve the territories autonomy from china others are painting their faces Officials Say they wont force anyone to wipe off the makeup unless they look suspicious whatever the case the political turmoil is hurting tourism and trade hong kong is now in recession its worst showing since the Global Financial crisis course mystic product shrank by just over 3 percent in the 3rd quarter. 5 months of unrest and Political Uncertainty ....
A big one isn t it it is i mean tourism is a big part of the economy there things are at the airport closing certain didn t help does a lot of people making investment decisions are going to be thinking twice about hong kong right now there s a strong suspicion of capital flight to places like singapore so there s a lot of very strong reasons directly linked to directly linked to the protests but on the other hand we also have broader concerns that would have happened anyway particularly the us china trade spot because hong kong is particularly sensitive to that given that it s always seen as the gateway to china. so that s been a big factor as well analysts have been telling me this is going to be going on for a long time and columnists i read today as saying that the economy could shrink all full quarters next year is it really that bad well it s been pretty extreme i mean i think that hong kong is incredibly flexible economy and it can move very quickly and it could also recover ver ....
Is in recession these this political unrest is not the only reason but it is a big one isn t it it is i mean tourism is a big part of the economy there things are at the airport closing certain didn t help does a lot of people making investment decisions are going to be thinking twice about hong kong right now there s a strong suspicion of capital flight to places like singapore so there s a lot of very strong reasons directly linked to directly linked to the protests but on the other hand we also have broader concerns that would have happened anyway particularly the u.s. china trade spot because hong kong is particularly sensitive to that given that it s always seen as the gateway to china. and so that s been a big factor as well analysts have been telling me this is going to be going on for a long time and columnists i read today as saying that the economy could shrink all 4 quarters next year is it really that bad well it s been pretty extreme i mean i think that hong kong is incred ....