Submitted By:
Staff Reporter
Case Study:
No
The sales decline may be even worse than the 2014 Occupy Movement.
Retail sales are likely to fall at a steeper decline than the 0.2% drop in 2014 as a wave of protests bring Hong Kong to a standstill, according to Moody's Investment Service.
In the report, Retail sales may fall somewhere between the 3.7 to 8.1% in 2015 and 2016, respectively, worse than the sales decline brought about by the 2014 Occupy Movement.
