The Financial Secretary said in his blog that the novel coronavirus pneumonia epidemic will deal a double blow to Hong Kong's economy, with greater pressure on the catering, retail, tourism and consumption sectors. Market forecasts for this year's economy range from 2% growth to a 4.1% contraction, with a median of zero growth. The authorities have extended school suspensions, restricted entry by individuals from Hubei and suspended individual visit scheme endorsements, while market trading and settlement in Hong Kong remain steady and orderly.
Why read this: The article sets out Hong Kong's epidemic prevention arrangements and economic situation, and lists market forecasts for this year's economy ranging from 2% growth to a 4.1% contraction, with a median of zero growth, allowing verification of the judgement on the economic impact of the epidemic.