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

International Monetary Fund

No 2014/132, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Hong Kong SAR; authority; convertibility undertaking; RMB; SAR; rate of HK; Mainland affiliate; RMB business; Land prices; Income; Global; Hong Kong SAR economy; nonbank Mainland China exposure; property price correction; People's republic of china-Hong kong special administrative region; Hang Seng stock index; Hong Kong SAR authority; IMF's article (search for similar items in EconPapers)
Pages: 45
Date: 2014-05-22
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