Key facts
- Hong Kong is projected to have a deficit of 130,000 workers by 2028.
- This figure is lower than earlier projections due to government talent policies.
- The government aims to attract skilled professionals and overseas talent.
- The measures are intended to address an aging population and declining birth rates.
Hong Kong's economy is anticipated to face a significant labor shortage, with projections indicating a deficit of 130,000 workers by 2028. This figure represents an improvement from earlier forecasts, attributed to the effectiveness of the city's talent attraction policies. The government has been actively pursuing strategies to draw in skilled professionals and overseas talent, aiming to counteract the demographic challenges posed by an aging population and a declining birth rate. These initiatives are crucial for maintaining the city's economic vitality and competitiveness.