Paul Chan expects HK airport passenger traffic to fully recover in 2024

Xinhua
21 Nov 2023, 15:25 GMT+10

HONG KONG, Nov. 21 (Xinhua) -- Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said Tuesday that the passenger traffic at the Hong Kong Airport is expected to fully recover in 2024.

Speaking at the ongoing Asian Logistics, Maritime and Aviation Conference here, Chan said that the passenger traffic at the Hong Kong Airport will return to 80 percent of the pre-pandemic level this year.

On the global economic prospect, Chan expected that high interest rates to persist for a longer period of time, and the global economy will grow more slowly in 2024 than this year, with higher downside risks, given the complexity and volatility of the geopolitical and economic external environment, as well as the fragility of the economic and financial system as a result of the deficits in a number of economies affected by the COVID-19 pandemic.

He pointed out that with growing challenges brought by climate change, green transformation, innovation and development of digital economy are highlighted in the world, and the HKSAR government will also continue to promote multilateral trade and enhance connectivity and cooperation with economies around the world.

The conference, jointly held by the Hong Kong Trade Development Council and the HKSAR government on Nov. 21-22, focuses on diversified strategies to cope with the changes and uncertainties in global trade, and at the same time, promotes Hong Kong globally.

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