This post was originally published on South China Morning Post.
Coronavirus: Hong Kong faces new unemployment high, but finance chief warns worse may follow Lunar New Year
Hong Kong’s finance chief has warned unemployment will reach a record high in official figures laying bare the full-year impact of the coronavirus pandemic, as he predicted worse could be in store for the economy.Paul Chan Mo-po’s grave assessment coincided on Sunday with the government deciding to press ahead with next month’s Lunar New Year flower fairs at their traditional locations, following an outcry from florists over the original plan to confine the markets to lower-profile sites…