IMF Staff Country Reports

United Kingdom: Hong Kong: Recent Economic Developments

Publication Date:

May 7, 1996

Summary:

This paper reviews economic developments in the United Kingdom—Hong Kong during 1990, focusing on the expansion and the subsequent slowing in domestic demand in the 1990s, against the background of the export-driven growth in the second half of the 1980s. Developments in aggregate demand and supply, labor and property markets, and inflation and competitiveness are analyzed. The paper reviews budgetary developments, discusses issues in the structure of revenue and expenditure, and describes the proposed Mandatory Provident Fund scheme. Monetary and exchange rate developments are also analyzed.

Series:

Country Report No. 1996/029

Subject:

Banking Housing Imports Income International trade Labor National accounts Personal income

Notes:

This report was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.