Economics

Here’s How Hong Kong’s Unrest Is Hitting the Economy: Tracker

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The strain on Hong Kong’s economy after more than three months of sometimes violent protests is intensifying, with a range of indicators weakening sharply in July and August, threatening to tip the city into recession.

Notably, business sentiment among small- and medium-sized enterprises tumbled to a record low last month, as did the purchasing managers index. While official data isn’t yet available, the government estimates visitor arrivals may have tumbled about 40% in August. Deposits are stable though, signaling the financial system is secure for now.