People’s Republic of China: Hong Kong Special Administrative Region: 2010 Article IV Consultation Discussions: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2010/345, IMF Staff Country Reports from International Monetary Fund

Abstract: Owing to prompt policy action, the Hong Kong economy is now back on a robust growth trajectory. Inflation has rebounded, driven by higher costs for utilities. Banks have withstood the financial market volatility. Higher property prices leading to higher rents and the ongoing asset price inflation will feed into higher consumer prices. Financial stability using macroprudential tools and improving the overall fiscal position will help. Preserving the flexibility and adaptability of its economy will require a careful balancing act.

Keywords: ISCR; CR; impact assessment; minimum wage; appraisal; price; Hong Kong property market; Hong Kong property price cycle; report to the government; statutory minimum wage; Land prices; Inflation; Housing prices; Housing; Mortgages; Global (search for similar items in EconPapers)
Pages: 35
Date: 2010-12-02
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