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Hong Kong's growth predicted at 0.8% for 2003
[Hong Kong, May 30, 2003] Due to SARS, the economic growth in Hong Kong will be expected to be at 0.8%, instead of the early prediction of 2.3%, says the Economics Monthly by Hangsen.
Tourism was hit hard in April and May. Retail and service industries also suffered enormous losses during the same period of time. It is expected that unemployment will soon become a major concern for the administration.
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