People's Republic of China-Hong Kong Special Administrative Region: 2017 Article IV Consultation-Press Release; Staff Report; Statement by the Executive Director for People’s Republic of China–

People's Republic of China-Hong Kong Special Administrative Region: 2017 Article IV Consultation-Press Release; Staff Report; Statement by the Executive Director for People’s Republic of China––Hong Kong Special Administrative Region

January 22, 2018

Preview Citation

Format: Chicago

People's Republic of China-Hong Kong Special Administrative Region: 2017 Article IV Consultation-Press Release; Staff Report; Statement by the Executive Director for People’s Republic of China––Hong Kong Special Administrative Region, (USA: International Monetary Fund, 2018) accessed December 21, 2024

Summary

This 2017 Article IV Consultation highlights that economic activity in Hong Kong Special Administrative Region has gained momentum since the second half of 2016 amid robust domestic demand and recovering external demand. Growth is projected to have risen by 3.7 percent in 2017, up from 2 percent in 2016. The strong growth momentum is expected to continue in the near term with annual growth of 2.8 percent in 2018. Consumption is projected to continue to be supported by a tight labor market and investment is expected to remain strong, with major infrastructure and housing projects in the pipeline. The economy is expected to continue to grow at about 3 percent over the medium term, close to its potential.

Subject: Banking, Economic and financial statistics, External sector statistics, Financial institutions, Housing, Housing prices, Loans, National accounts, Prices, Taxes, Transaction tax

Keywords: Assessment, Assessment of policy issue, CR, External sector statistics, Global, Hong Kong SAR authority, Hong Kong SAR banking sector, Hong Kong SAR economy, Housing, Housing prices, ISCR, Loans, Report, Staff appraisal, Transaction tax

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/016
Stock No:

1HKG2018001
ISBN:

9781484338346
ISSN:

1934-7685

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