People's Republic of China-Hong Kong Special Administrative Region: 2012 Article IV Consultation Discussions

Publication Date:

January 17, 2013

Electronic Access:

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Summary:

The Hong Kong Special Administrative Region (SAR)'s healthy labor market and supportive fiscal policy helped its domestic economy's resilience, while its gross domestic product (GDP) growth was marginally slow owing to its weak external environment. Its fiscal policy has been effective in reducing output volatility and providing timely support to help counter the impact from slowing external demand. The authorities have taken appropriate macroprudential measures to help safeguard the banking system, which should continue to be fine-tuned in line with evolving risks.

Series:

Country Report No. 2013/011

Subject:

English

Publication Date:

January 17, 2013

ISBN/ISSN:

9781475584738/1934-7685

Stock No:

1HKGEA2013001

Pages:

43

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