HK businessmen expect recession

21-11-2008

A survey by the Hong Kong General Chamber of Commerce has found that nine out of ten business owners think Hong Kong will go into recession next year. And half of them expect a recession to last for at least two years. The chamber's Chairman Andrew Brandler said the negative sentiment was a reflection of the global economic crisis. He called on the government to provide immediate action to help businesses here, particularly small and medium enterprises.

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