How Omicron and politics punctured Hong Kong

Omicron broke through Hong Kong’s defence. The semi-autonomous territory, which until January has recorded less than 13,000 cases since the start of the pandemic, is now detecting 6,000 cases a day. Suppose, I think Vaccination rates are very low among vulnerable elderly peopleThe rising death toll seems to be only a matter of time.

Economists have begun to downgrade their growth expectations for 2022 even before the true severity of the outbreak becomes clear. Fitch cut its Hong Kong growth estimate in half to 1.5% on Feb. 9. Natixis now expects zero retail sales growth, down from 8.1% in 2021 , assuming that current social distancing restrictions remain and are not tightened further — which they probably will. How Omicron and politics punctured Hong Kong

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