Chen Maobo: Unemployment rate inevitably will further increase the number of unemployed or see the highest in 15 years

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Written by: Yuan Shu

2020-06-14 11:57

The New Coronary Pneumonia epidemic lasted for about half a year, and the employment situation in Hong Kong was greatly affected. The Financial Secretary Chen Maobo said that the unemployment rate in Hong Kong will inevitably rise further from 5.2% in April. There is a great chance that it will exceed the worst during the 2009 financial tsunami. The total number of unemployed may be the highest in 15 years.

The epidemic situation in overseas countries repeatedly creates local consumption space

Chen Maobo pointed out that the recent epidemic in Hong Kong has generally eased and is gradually being controlled, and the public has begun to respond to going out; the government will launch a 10,000 yuan cash distribution plan, and the money will also be distributed to the public early next month. The overlapping of these two favorable factors in time is expected to improve the consumer market atmosphere and even create an alternative "time of consumption". The epidemic situation in some overseas countries is still more and more repeated, and the citizens have stayed in Hong Kong for a longer period of time at this stage, which has created favorable conditions. Local consumption space. He believes that the 10,000 yuan cash distribution plan will help increase consumer sentiment.

He also said that the 10,000 yuan cash plan will be accepted for registration on Father’s Day on the 21st of this month. It is expected that the morning will be the busiest time for the system, but he reminded that due to the successful registration between the 21st and the 30th of this month Citizens will receive payments from July 8 at the same time, and citizens do not have to rush to register on the first day.

Unemployment rate will rise If you still use different excuses to shock, it is tantamount to destroying the breathing space

He continued that the recent employment situation has continued to deteriorate. From a trend perspective, the unemployment rate in Hong Kong will inevitably rise further from 5.2% in April, which is a great chance to exceed the worst situation during the 2009 financial tsunami. The highest in 15 years. If you still make various acts of violent shock under different excuses at this moment, it is tantamount to directly destroying the breathing space of these SMEs and wage earners. I hope everyone can put aside their contradictions temporarily and focus on coping with economic difficulties, so that citizens with reduced income and businesses that are in financial difficulties can have room to improve their income.

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