Economist Podcasts Economic contagion: Hong Kong
Feb 3, 2020
Simon Cox, Emerging Markets Editor for The Economist in Hong Kong, discusses the territory's economic struggles exacerbated by protests and the coronavirus outbreak. Sarah Maslin, Brazil Correspondent, highlights the worsening inequality in Brazil amidst government cuts to social safety nets. The conversation also touches on Ethiopia's self-help craze, revealing how motivational speakers are inspiring change in challenging times. Together, they explore the intertwining global economic challenges and the quest for resilience.
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Hong Kong's Economic Woes
- Hong Kong's GDP declined due to protests and trade war tensions.
- These issues impacted trade, tourism, and overall economic sentiment.
Impact of Protests
- Protests caused major disruptions, including a university siege near Simon Cox's residence.
- This led to a two-week tunnel closure, impacting the free flow of goods and people.
Protests Eclipsed by Virus
- The protests have been somewhat overshadowed by the coronavirus, changing their form.
- Distrust in the government persists, now focused on virus prevention measures.