People's Republic of China-Hong Kong Special Administrative Region: 2012 Article IV Consultation Discussions

January 17, 2013

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Format: Chicago

People's Republic of China-Hong Kong Special Administrative Region: 2012 Article IV Consultation Discussions, (USA: International Monetary Fund, 2013) accessed December 24, 2024

Summary

The Hong Kong Special Administrative Region (SAR)'s healthy labor market and supportive fiscal policy helped its domestic economy's resilience, while its gross domestic product (GDP) growth was marginally slow owing to its weak external environment. Its fiscal policy has been effective in reducing output volatility and providing timely support to help counter the impact from slowing external demand. The authorities have taken appropriate macroprudential measures to help safeguard the banking system, which should continue to be fine-tuned in line with evolving risks.

Subject: Commercial banks, Financial institutions, Fiscal policy, Housing, Housing prices, Mortgages, National accounts, Prices

Keywords: Broad money, Commercial banks, CR, Discussion, Economic system, Exchange rate, Fiscal cliff, Global, Hong Kong dollar, Hong Kong SAR, Housing, Housing prices, ISCR, Mortgages, SAR, Slowing economy

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/011
Stock No:

1HKGEA2013001
ISBN:

9781475584738
ISSN:

1934-7685

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