Fight Covid-19 with HKU Ep 8: Cases are Dropping - Should HK Reopen the Economy?
Description
Hong Kong's economy is facing its first contraction since the 2009 financial crisis. Economist Dr. Heiwai Tang from HKU discusses the Hong Kong government's support for small businesses and low-income citizens during COVID-19, and whether it's time to reopen the economy as new cases decrease. Tang believes the government's stimulus packages are a good size but could have been implemented faster. He also expresses concern about wealth inequality resulting from the stimulus programs and suggests the government should focus more on long-term social and economic issues, such as housing. Tang emphasizes the importance of economic data in making decisions about reopening the economy and suggests that Hong Kong should invest in data policy.
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Date:
2021-01-30
Wave of COVID:
4th
Category:
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