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Written by: Ouyang Dehao
2021-04-25 11:17
Last update date: 2021-04-25 11:17
The new crown pneumonia epidemic in Hong Kong continues, and the latest statistics show that the number of unemployed people in Hong Kong has dropped slightly by 1,800.
Financial Secretary Chen Maobo published a blog this morning (25th) stating that affected by factors such as the improvement of the external economy and the control of the epidemic in Hong Kong, it is estimated that after six consecutive quarters of recession, Hong Kong’s GDP in the first quarter of this year should be more significant. To improve, I also believe that the upcoming export figures for March will improve.
In his article, Chen Yi once again called on citizens to get vaccinated, saying that the current vaccination progress in Europe and the United States is good and they are actively deploying to resume international travel. If Hong Kong's progress is behind, it will affect the economic recovery.
He even took an individual as an example, saying, "I have completed two doses of vaccination last month. In order to protect myself and my family, as well as the overall and steady recovery of Hong Kong's economy, I hope everyone will actively get vaccinated."
Optimistic outlook for China and the United States expected to continue to improve in March export figures
Chen Maobo published a blog today stating that the prospects for the economic recovery of the world's two major economies, namely China and the United States, are optimistic. Earlier this month, the International Monetary Fund raised its forecast for global economic growth this year to 6%.
Driven by the improvement of the external environment, Hong Kong's exports have resumed growth for four consecutive months. It is believed that the export figures for March announced in the next day (27th) will continue to improve.
In addition, Chen pointed out that retail sales were affected by the epidemic and social distancing measures.
When the epidemic is under control, the retail and restaurant market atmosphere has improved significantly.
Based on the recent situation assessment, coupled with the low base effect, after six consecutive quarters of recession, he concluded that Hong Kong's GDP in the first quarter of this year should have improved significantly.
▼On March 22, the Chief Executive, Secretary General, guild members and members of the Legislative Council received the second dose of Kexing vaccine▼
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Fresh graduates will be put into the market. There is limited room for improvement in the job market in the short term
However, Chen also mentioned that the latest data shows that there are still nearly 260,000 unemployed and 148,000 underemployed in Hong Kong. Among them, the unemployment rate in consumer and tourism-related industries is as high as 10.7%.
Therefore, he believes that the local epidemic must be fully controlled as soon as possible to resume business and tourist travel with the Mainland and internationally, otherwise the job market will be difficult to improve in an all-round way.
At the same time, fresh graduates will enter the labor market, inferring that there is limited room for further improvement in the job market in the short term.
▼See the details of the scheduled vaccination and side effects of Kexing and BioNTech in the three pictures▼
Chen also said that vaccination has become a key part of the anti-epidemic work. Only by vaccinating a large proportion of the public can the impact of the virus be controlled, and it is easier to further relax restrictions on social distance.
He pointed out that the current progress of vaccination in Europe and the United States is good. He took the United States and the United Kingdom as examples. People who have received at least one dose of the vaccine accounted for 40% of the local population. Israel's vaccination rate has exceeded 60%, and Hong Kong has only over one. to make.
He also pointed out that he is actively deploying to resume international travel. If Hong Kong's vaccination schedule lags behind, the economic recovery of Hong Kong will be slowed down when overseas returnees return.
Chen Maobo said: "I completed two doses of vaccination last month. In order to protect myself and my family, as well as the overall and steady recovery of Hong Kong's economy, I hope everyone will actively get vaccinated." (blog photo)
Chen Maobo urges citizens to vaccinate: I have completed two doses of vaccinations last month
Chen believes that Hong Kong is more fortunate than many other places in the world in terms of vaccine supply. For example, there is ample supply, there are two vaccines to choose from, and the coverage of vaccination sites is wide.
He believes that the current vaccination program has been extended to all citizens aged 16 or above, and it is indeed possible to expedite vaccination. Therefore, he further stated in the article: "I have completed two doses of vaccination last month. In order to protect myself, my family, and Hong Kong's economy. It has been able to recover fully and steadily, and I hope everyone will actively get vaccinated."
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