People’s Republic of China—Hong Kong Special Administrative Region : Staff Report for the 2004 Article IV Consultation Discussions

Author/Editor:

International Monetary Fund

Publication Date:

February 21, 2005

Electronic Access:

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Summary:

This 2004 Article IV Consultation highlights that after a period of prolonged weakness in economic activity, persistent deflation and rising fiscal deficits, the macroeconomic outlook for Hong Kong Special Administrative Region has improved significantly since mid-2003. The recovery has gained significant momentum and become broad-based in 2004. The consolidated fiscal deficit for FY2004/05 is now projected at about 1¾ percent of GDP, compared with the budget target of about 5 percent of GDP. The improvement relative to the budget is on account of buoyant revenue performance and continued expenditure restraint.

Series:

Country Report No. 05/63

Subject:

English

Publication Date:

February 21, 2005

ISBN/ISSN:

9781451816921/1934-7685

Stock No:

1HKGEA2005002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

42

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