{"id":169510,"date":"2025-09-26T03:37:09","date_gmt":"2025-09-26T03:37:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/169510\/"},"modified":"2025-09-26T03:37:09","modified_gmt":"2025-09-26T03:37:09","slug":"hong-kongs-economic-losses-from-ragasa-may-run-into-billions-experts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/169510\/","title":{"rendered":"Hong Kong\u2019s economic losses from Ragasa may run into billions: experts"},"content":{"rendered":"

Super Typhoon Ragasa may have resulted in billions of Hong Kong dollars in economic losses to the city, but its overall impact may have been less severe than past storms, with more people working from home and the stock market trading despite the adverse weather, experts have said.<\/p>\n

But they warned on Thursday that as extreme weather became more frequent, significant annual economic losses were becoming a \u201cnew normal\u201d for Hong Kong.<\/p>\n

The world\u2019s most powerful tropical cyclone this year, Ragasa, battered the Greater China region on Wednesday, triggering Hong Kong\u2019s highest-level No 10 warning signal and bringing the city to a standstill on Tuesday and Wednesday.<\/p>\n

Massive waves and storm surges damaged coastal restaurants, with losses running into millions of Hong Kong dollars, according to owners.<\/p>\n

\u201cEconomic losses from extreme weather will become a new normal for Hong Kong, as well as the world,\u201d said Gary Ng Cheuk-yan, a senior economist with Natixis Corporate and Investment Bank.<\/p>\n

\"SuperSuper Typhoon Ragasa brought the city to a standstill on Tuesday and Wednesday. Photo: Sam Tsang<\/p>\n

Economist Simon Lee Siu-po said the estimated loss from Ragasa was between HK$2 billion and HK$3 billion (US$257 million and US$386 million).<\/p>\n","protected":false},"excerpt":{"rendered":"Super Typhoon Ragasa may have resulted in billions of Hong Kong dollars in economic losses to the city,…\n","protected":false},"author":2,"featured_media":169511,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,3148,99,110863,35794,110865,164,110862,10340,110864,44,13306,15216,110859,110047,11069,110860,110051,15223,110861],"class_list":["post-169510","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-aviation","tag-business","tag-chinese-university-of-hong-kong","tag-consumption","tag-economist-simon-lee-siupo","tag-economy","tag-gary-ng-cheuk-yan","tag-hong-kong","tag-natixis-corporate-and-investment-bank","tag-news","tag-remote-work","tag-scmp","tag-super-typhoon-mangkhut","tag-super-typhoon-ragasa","tag-taiwan","tag-terence-chong-tai-leung","tag-tseung-kwan-o","tag-typhoon-wipha","tag-weather-events"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/169510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=169510"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/169510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/169511"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=169510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=169510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=169510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}