Hong Kong Consumer Electronics Q1 2020
There is a negative outlook for consumer electronics device spending in Hong Kong over the medium term, 2020-2023,because of the direct and indirect impacts of the political crisis and civil unrest. Periods of protest result in falls in retail spending aspurchases are delayed, while the wider impact of uncertainty on domestic consumer confidence and levels of mainland visitorspending will be for deferred or downsized device purchases. Furthermore, risks are weighted to the downside because possibleresolutions to the crisis include direct intervention by Beijing, which would add to the disruption.
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