Protests in Hong Kong could hurt the city’s economy - as well as China’s - but the impact will depend on how long the “uncertainty” lasts, the World Bank’s chief Asia economist said on Monday.
Sudhir Shetty said the Bank was closely monitoring the events in Hong Kong, where thousands of pro-democracy protesters have paralysed major streets for more than a week, leading to a tense standoff with the Government.
“Obviously we, like every other set of economic analysts, are looking very closely at the situation and following it and looking at its impact,” he told. The Bank does not have a forecast for Hong Kong’s economic growth because it covers only developing economies.