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HK Small Biz Confidence Slips to New Low; Only 12% Mulls Headcount Boost: CPA Australia Survey
According to CPA Australia's 2020-21 Asia-Pacific Small Business Survey, the business confidence of small Hong Kong companies slipped to a record low against the backdrop of ra...
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HK Small Biz Confidence Slips to New Low; Only 12% Mulls Headcount Boost: CPA Australia Survey
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2021/03/22 13:57
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According to CPA Australia's 2020-21 Asia-Pacific Small Business Survey, the business confidence of small Hong Kong companies slipped to a record low against the backdrop of rampant Covid spread and a rare economic downturn in 2020.

Only 16% of the 306 surveyed firms delivered growth last year, and only 21% expected a business increment this year, compared to the survey average of 61%.

The bearish outlook was also reflected in their cautious stance towards recruitment. Only 12% of the respondents projected to increase staff this year, against the survey average of 36%.
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