IMF Staff Country Reports

People’s Republic of China—Hong Kong Special Administrative Region: Staff Report for the 2014 Article IV Consultation Discussions

May 22, 2014

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People’s Republic of China—Hong Kong Special Administrative Region: Staff Report for the 2014 Article IV Consultation Discussions, (USA: International Monetary Fund, 2014) accessed September 18, 2024

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.

Subject: External position, Financial regulation and supervision, Fiscal policy, Income, Land prices, National accounts, Prices

Keywords: Authority, Convertibility undertaking, CR, Global, Hang Seng stock index, Hong Kong SAR, Hong Kong SAR authority, Hong Kong SAR economy, IMF's article, Income, ISCR, Land prices, Mainland affiliate, Nonbank Mainland China exposure, People's republic of china-Hong kong special administrative region, Property price correction, Rate of HK, RMB, RMB business, SAR

Publication Details

  • Pages:

    45

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2014/132

  • Stock No:

    1HKGEA2014003

  • ISBN:

    9781498343794

  • ISSN:

    1934-7685