People’s Republic of China—Hong Kong Special Administrative Region: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for People’s Republic of China—Hong Kong Special Administrative Region
January 19, 2016
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This 2015 Article IV Consultation highlights that the growth of Hong Kong Special Administrative Region is expected at 2.25 percent in 2015, with domestic demand acting as the principal source of momentum. Growth is likely to pick up modestly to 2.5 percent in 2016, with a smaller drag from external demand reinforcing resilient domestic demand. Inflation has declined and is expected to remain below 3 percent in 2015–16 on softer commodity prices. The current account has dropped to about 2.5 percent of GDP, but is projected to improve to about 3.5 percent over the medium term as the global economy recovers.
Subject: Banking, Commercial banks, Credit, Financial institutions, Financial markets, Labor, Loans, Money, Stock markets
Keywords: Commercial banks, convertibility undertaking, CR, Credit, discount window, Global, growth portfolio, HKMA, Hong Kong SAR economy, ISCR, Loans, Mainland authorities, Mainland market, portfolio, SAR., stock index, Stock markets
Pages:
70
Volume:
2016
DOI:
Issue:
017
Series:
Country Report No. 2016/017
Stock No:
1HKGEA2016001
ISBN:
9781498303835
ISSN:
1934-7685
