HONG KONG - Hong Kong's zero-tolerance approach to Covid-19 could keep the Asian financial hub cut off from most of the world until 2024 and fuel a large-scale exodus of international workers and executives, according to a draft report by the European Chamber of Commerce in the city.
A reopening could then happen late next year or in early 2024, the document said according to Bloomberg's report on Wednesday , adding that companies should prepare for Hong Kong to remain"semi-closed" to international travel. It's unclear whether the European Chamber's assessment will change in the final version of its report. The draft said the report consolidated insights from"a few sessions organised with different parties" over the past few months, without providing further details on the information used to formulate its scenarios.The warning comes as Hong Kong imposes near-lockdown conditions and bans flights from eight places, including the US and UK, to fight an Omicron outbreak.
That scenario could result in as many as 20,000 deaths among Hong Kong's elderly, the report said, since vaccination rates among seniors are much lower than the rest of the population.
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