People’s Republic of China—Hong Kong Special Administrative Region: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the People’s Republic of China—Hong Kong Special Administrative Region

Publication Date: May 22, 2014
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Summary: 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.
Series: Country Report No. 14/132
Subject(s): Article IV consultation reports | Financial sector | Bank resolution | Bank supervision | Stress testing | Insurance supervision | Fiscal policy | Housing | Economic integration | Economic indicators | Staff Reports | Press releases | Hong Kong SAR

Publication Date: May 22, 2014
ISBN/ISSN: 9781498343794/1934-7685 Format: Paper
Stock No: 1HKGEA2014003 Pages: 45
US$18.00 (Academic Rate:
US$18.00 )
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