People’s Republic of China—Hong Kong Special Administrative Region: Staff Report for the 2014 Article IV Consultation Discussions
May 22, 2014
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This 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 3¾ 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.
Subject: External position, Financial regulation and supervision, Fiscal policy, Income, Land prices, National accounts, Prices
Keywords: authority, convertibility undertaking, CR, Global, Hang Seng stock index, Hong Kong SAR, Hong Kong SAR authority, Hong Kong SAR economy, IMF's article, Income, ISCR, Land prices, Mainland affiliate, nonbank Mainland China exposure, People's republic of china-Hong kong special administrative region, property price correction, rate of HK, RMB, RMB business, SAR
Pages:
45
Volume:
2014
DOI:
Issue:
132
Series:
Country Report No. 2014/132
Stock No:
1HKGEA2014003
ISBN:
9781498343794
ISSN:
1934-7685
