People’s Republic of China—Hong Kong Special Administrative Region: Staff Report for the 2006 Article IV Consultation Discussions

January 8, 2007

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People’s Republic of China—Hong Kong Special Administrative Region: Staff Report for the 2006 Article IV Consultation Discussions, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

This 2006 Article IV Consultation highlights that Hong Kong Special Administrative Region has recovered strongly from a series of shocks in recent years and, as expected, the pace of growth is now moderating. Growth was 6.8 percent (year over year) in the first three quarters of 2006, somewhat slower than the 7.3 percent recorded in 2005. Inflation is expected to firm modestly with the tightening labor market and as rents adjust to previous increases in property prices. The current account surplus is expected to narrow with maturing external demand.

Subject: Balance of payments, Budget planning and preparation, Competition, Current account, Financial markets, Fiscal policy, Public financial management (PFM), Revenue administration

Keywords: Asia and Pacific, Budget planning and preparation, Competition, CR, Current account, Global, Hong Kong SAR economy, Interim report, ISCR, Report, Staff appraisal, Statement report, Sustained expansion, Tax reform proposal

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/005
Stock No:

1HKGEA2007002
ISBN:

9781451816969
ISSN:

1934-7685

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