Regional Economic Outlook

October 13, 2023

Challenges to Sustaining Growth and Disinflation

The 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.

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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)

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News and Highlights

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Hong Kong and the IMF

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