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2020 Mid-Year Export Review: Pandemic and Protectionism Combine to Trigger Double-Digit Decline
16 June 2020
Hong Kong’s export outlook has taken a turn for the worse as the global trade environment has deteriorated sharply amid the unprecedented Covid-19 pandemic, which has seriously disrupted global supply chains and severely dampened worldwide demand. In view of the threats of a sharply distressed global economy and ongoing trade protectionism, HKTDC Research has lowered its 2020 export growth forecast to -10% from -2% amid substantial downside risk.
