People's Republic of China--Hong Kong Special Administrative Region, Staff Report for the ... Article IV Consultation Discussions
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Published: 2008
Total Pages: 42
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People's Republic of China-Hong Kong Special Administrative Region
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DOWNLOAD EBOOKPeople’s Republic of China—Hong Kong Special Administrative Region
Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
Published: 2014-05-22
Total Pages: 45
ISBN-13: 1498395856
DOWNLOAD EBOOKThis 2014 Article IV Consultation highlights that Hong Kong Special Administrative Region’s (HKSAR) growth recovered to 2.9 percent in 2013 as resilient domestic demand helped offset the continued drag from net exports. As the global recovery takes hold, external demand is forecast to improve and lift growth to about 33⁄4 percent in 2014, although domestic demand remains solid. Inflation is expected to remain at about 4 percent, given the slow pass-through of housing costs. In line with the improved economic outlook, the 2014/15 budget includes a reduction in one-off measures of about 1.9 percent of GDP.
Peoplés Republic of China - Hong Kong Special Administrative Region
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Publisher:
Published: 2008
Total Pages: 30
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DOWNLOAD EBOOKPeople’s Republic of China—Hong Kong Special Administrative Region
Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
Published: 2014-05-22
Total Pages: 45
ISBN-13: 1498343791
DOWNLOAD EBOOKThis 2014 Article IV Consultation highlights that Hong Kong Special Administrative Region’s (HKSAR) growth recovered to 2.9 percent in 2013 as resilient domestic demand helped offset the continued drag from net exports. As the global recovery takes hold, external demand is forecast to improve and lift growth to about 33⁄4 percent in 2014, although domestic demand remains solid. Inflation is expected to remain at about 4 percent, given the slow pass-through of housing costs. In line with the improved economic outlook, the 2014/15 budget includes a reduction in one-off measures of about 1.9 percent of GDP.
People's Republic of China-Hong Kong Special Administrative Region
Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
Published: 2019-12-31
Total Pages: 89
ISBN-13: 1513525476
DOWNLOAD EBOOKThis 2019 Article IV Consultation with People’s Republic of China—Hong Kong Special Administrative Region (SAR) discusses that the economy is projected to start recovering next year, but the pace is expected to be gradual and both near- and medium-term risks have increased significantly, including from trade and technology tensions, ongoing social unrest, and structural challenges of insufficient housing supply and high income inequality. Hong Kong SAR is well placed to address both cyclical and structural challenges with its significant buffers thanks to its long history of prudent macroeconomic policies. Given that the fiscal framework permits deficits during economic downturns, government spending should be increased significantly in the areas of social safety nets, education/retraining, and infrastructure to cope with the cyclical downturn and address structural challenges of insufficient housing and high-income inequality. This should be complemented with measures to ensure fiscal sustainability and greater equity.
People’s Republic of China—Hong Kong Special Administrative Region
Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
Published: 2023-05-31
Total Pages: 80
ISBN-13:
DOWNLOAD EBOOKAfter coping with another year of large COVID-related disruptions, economic activity is normalizing with the re-opening of the border, including with Mainland China. Strong fiscal policy support has helped the economy navigate through multiple shocks over the last few years, while strong institutional frameworks and financial buffers have allowed the financial system to remain resilient and continue to operate smoothly, including the Linked Exchange Rate System. The economy is facing macro-financial challenges amid rising interest rates, spillovers from strains in Mainland China’s real estate sector, adjustment in the local property market, and global economic slowdown.
People’s Republic of China—Hong Kong Special Administrative Region
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2007-01-08
Total Pages: 33
ISBN-13: 1451816960
DOWNLOAD EBOOKThis 2006 Article IV Consultation highlights that Hong Kong Special Administrative Region has recovered strongly from a series of shocks in recent years and, as expected, the pace of growth is now moderating. Growth was 6.8 percent (year over year) in the first three quarters of 2006, somewhat slower than the 7.3 percent recorded in 2005. Inflation is expected to firm modestly with the tightening labor market and as rents adjust to previous increases in property prices. The current account surplus is expected to narrow with maturing external demand.
People’s Republic of China—Hong Kong Special Administrative Region: 2022 Article IV Consultation Discussions-Press Release; and Staff Report
Author: International Monetary
Publisher: International Monetary Fund
Published: 2022-03-07
Total Pages: 81
ISBN-13:
DOWNLOAD EBOOKHong Kong SAR’s economy is recovering strongly as ample policy space has allowed the enaction of swift and bold policy responses to address the unprecedented crisis emanating from multiple shocks, including notably the pandemic. But the recovery remains uneven, with private consumption lagging, owing, in part, to a zero- COVID tolerance approach. The financial sector has remained resilient supported by significant buffers, strong institutional frameworks, and a well-functioning Linked Exchange Rate System (LERS). Increasing financial linkages with Mainland China bring both opportunities and challenges for growth and financial stability.
People’s Republic of China
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2010-12-02
Total Pages: 35
ISBN-13: 1455212679
DOWNLOAD EBOOKOwing to prompt policy action, the Hong Kong economy is now back on a robust growth trajectory. Inflation has rebounded, driven by higher costs for utilities. Banks have withstood the financial market volatility. Higher property prices leading to higher rents and the ongoing asset price inflation will feed into higher consumer prices. Financial stability using macroprudential tools and improving the overall fiscal position will help. Preserving the flexibility and adaptability of its economy will require a careful balancing act.
