Skip to main content

Featured

2 jab centres to provide BioNTech

The public can make reservations from tomorrow to receive free BioNTech jabs at the community vaccination centres (CVCs) at Sun Yat Sen Memorial Park Sports Centre and Boundary Street Sports Centre, the Government announced today.   The two CVCs will provide vaccination services from January 26, bringing the number of such centres to 14.   The Government said there are also more vaccination booths or staff members at vaccination venues. The current vaccination capacity has increased by 77% from the beginning of the month, reaching 1.77 million doses a month or nearly 60,000 doses a day.   Separately, all CVCs will be closed during the Lunar New Year from January 31 to February 2.   Except for the two CVCs at private hospitals which will be closed for one more day, CVCs will provide normal services on the third day of the Lunar New Year on February 3.   Apart from going to the CVCs, eligible people can also receive free COVID-19 vaccination through 25 Hospital Authority genera

Real GDP grows 7.9% in Q1

(To watch the full press conference with sign language interpretation, click here.)   The Hong Kong economy recovered visibly in the first quarter of 2021, with real gross domestic product (GDP) resuming appreciable year-on-year growth of 7.9%, ending six consecutive quarters of contraction.   Thanks to the global economic recovery led by the Mainland and the US alongside a sharp rebound in global demand, total exports of goods surged by 30.2% year-on-year in real terms.   However, the economic recovery was uneven and overall economic activity remained below the pre-recession level, as the COVID-19 pandemic continued to weigh on certain economic segments, particularly those involving consumer-facing activities.   The labour market was under notable pressure in the first quarter, though it stabilised in the latter part of the quarter as the epidemic receded.    The seasonally adjusted unemployment rate went from a 17-year high of 7.2% in the three-month period ending February to 6.8% in the first quarter of 2021.   Consumption and investment demand revived somewhat but stayed relatively subdued.   Private consumption expenditure grew only modestly by 1.6% year-on-year in real terms even against an exceptionally low base of comparison.   Delivering the First Quarter Economic Report 2021 this afternoon, Government Economist Andrew Au said he expected domestic demand to further improve.   “Domestically, if the local epidemic remains well contained, business and consumer confidence, which has improved recently, should see some further improvement down the road.   “The Government’s relief measures, including the consumption voucher scheme, will help reinforce this development.”   Mr Au also appealed to the public to get vaccinated to help the economy recover.   “Many consumer-facing activities are labour intensive and are still affected by the threat of the epidemic. So it is essential for all of us to work together to keep the epidemic under control and actively participate in the vaccination programme.   “This will not only protect ourselves but also help create the necessary conditions for a full-fledged economic recovery.”   Considering that the economic recovery is uneven and the uncertainty associated with the pandemic is still high, the real GDP growth forecast of 3.5% to 5.5% for 2021 as announced in the Budget is maintained.   The actual outturn can hopefully be near the upper end of the range forecast if the pandemic situation improves in the period ahead, Mr Au added.
http://dlvr.it/RzfRlx

Popular Posts