Unemployment in Hong Kong is poised to hit new highs amid the ravages of the coronavirus pandemic, with various industry leaders predicting a gloomier economic outlook for the year and the city’s catering sector bracing for its jobless rate to reach as high as 18 per cent.Monday’s bleak forecasts came a day after Financial Secretary Paul Chan Mo-po warned that the unemployment rate between October and December last year would surpass the current 16-year-high of 6.4 per cent – representing…

This post was originally published on South China Morning Post.