MEASURES:
- Hong Kong Finance Secretary says Hong Kong is to have a record budget deficit next FY
- Hong Kong Government is to hand out HKD 10k to each permanent citizen aged 18 or older, accounts for HKD 71bln of announced measures (In-fitting with earlier reports)
- Hong Kong government announces HKD 120bln in fresh measures to bolster the economy
FORECASTS:
- 2020 GDP growth forecast between -1.5% To +0.5%
- Q4 GDP growth revised higher to -0.3% vs. Prev. -0.4%
CORONAVIRUS:
- Hong Kong Finance Secretary says the new coronavirus in Hong Kong could further weigh on economic sentiment, consumption and tourism-related activities, HK may face a worse fallout than SARS