Omicron travel restrictions set to cast a pall over Hong Kong's economy
The city’s role as a regional financial hub is further at risk in the latest move to ban international arrivals from several G7 economies.
Hong Kong’s tough new restrictions in the face of the Omicron outbreak are likely to weigh on the city, presenting problems for it as a regional hub for foreign multinationals and discouraging fresh inflows in the short term, experts have warned.
“We are seeing some capital leaving Hong Kong as reflected in a weaker Hong Kong dollar," said Alicia García Herrero, chief economist for Asia Pacific at Natixis Corporate and Investment Banking.
"I would imagine that not only Omicron, …
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