Living in Hong Kong

Many Hong Kong businessmen and businesswomen think that the city's recession will last for at least two years. That's pretty long, isn't it?

Ninety per cent of businessmen and businesswomen said they believed the recession would last through 2009 while half said they expected it to continue through 2010 and beyond.

The survey was conducted among members of Hong Kong General Chamber of Commerce. It seems that economic woes would last longer this time, and that could only mean more worries and depressions among Hong Kong people that will translate to rising unemployment, closed businesses, and low consumer confidence.