Regional Economic Outlook
October 13, 2023
Challenges to Sustaining Growth and DisinflationThe Asia-Pacific region remains a key driver of global growth in 2023, despite facing headwinds from changing global demand from goods to services and tighter monetary policies. The region is expected to grow by 4.6 percent in 2023, up from 3.9 percent in 2022. However, growth is projected to slow to 4.2 percent in 2024 and 3.9 percent in the medium term, as China's structural slowdown (Chapter 3 explains) and lower productivity growth in many other economies dampen the region's potential. Inflation is expected to decline in 2024 and stay within central bank target ranges in most countries, a faster pace of disinflation than in other regions (Chapter 2 explains.) Risks to the outlook have become more balanced than they were six months ago, although they still lean to the downside.
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This web page presents information about the work of the IMF in Hong Kong, including the activities of the IMF Resident Representative Office. Additional
information can be found on the Hong Kong and IMF country page, including IMF reports and Executive Board documents that deal with Hong Kong.
At a Glance : Hong Kong's Relations with the IMF
- Current IMF membership: 190 countries
- As a Special Administrative Region of the People’s Republic of China, Hong Kong SAR is not a member of the Fund
- Annual consultation discussions have been held with the Hong Kong SAR authorities since October 1990
- The last Article IV Executive Board Consultation was on January 24, 2019 (Country Report 19/20)
News and Highlights
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Money, Transformed: The Future of Currency in A Digital World
Finance and Development Magazine, June 2018
May 30, 2018
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Millennials and the Future of Work
Finance & Development Magazine, June 2017 Issue
September 8, 2017
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World Economic Outlook Update, July 2017
The Global Economy Maintains Momentum
July 25, 2017
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What We Have Seen and Learned 20 Years After the Asian Financial Crisis
Blog by Mitsuhiro Furusawa
July 13, 2017
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Asia's Dynamic Economies Continue to Lead Global Growth
Regional Economic Outlook News Article
May 9, 2017
Hong Kong and the IMF
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May 31, 2023
In concluding the 2023 Article IV consultation discussions with Hong Kong Special Administrative Region, Executive directors endorsed staff appraisal as follows: The Hong Kong SAR economy is recovering strongly with post-COVID normalization of economic activity. Near-term risks to the growth outlook are balanced, with systemic risk in the financial sector manageable, given significant buffers.
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May 31, 2023
Series:Country Report No. 2023/186
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May 4, 2023
Strong fiscal policy support has helped the economy navigate through multiple shocks over the last few years, while strong institutional frameworks and financial buffers have allowed the financial system to remain resilient and continue to operate smoothly, including the Linked Exchange Rate System (LERS).
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March 8, 2022
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March 8, 2022
Series:Country Report No. 2022/069