Despite being the tenth-largest trading power and fifth-largest financial center in the world, Hong Kong is suffering an economic winter since 2020, to the outbreak of the Coronavirus pandemic. A survey found that 59% of Hong Kong social enterprises think they may go bankrupt, as the fifth wave batters the economy. The survey was released…
Monthly Archives: March 2022
INTRODUCTION The coronavirus crisis turned the global economy into the deepest recession since the Great Depression mostly felt throughout 2020. With estimates that world gross domestic product (GDP) had fallen by 3.9% in the first quarter of 2020. Major economies such as the US experienced more than 36 Million people filing for unemployment and experiencing…
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