People's Republic of China-Hong Kong Special Administrative Region: 2018 Article IV Consultation-Press Release and Staff Report

January 24, 2019

Preview Citation

Format: Chicago

People's Republic of China-Hong Kong Special Administrative Region: 2018 Article IV Consultation-Press Release and Staff Report, (USA: International Monetary Fund, 2019) accessed November 23, 2024

Summary

Hong Kong SAR’s economy benefitted from a strong cyclical upswing through the first half of 2018, supported by the continued global recovery, buoyant domestic sentiment, and the booming property market. However, near-term risks have significantly increased – including those from trade tensions, tighter global financial conditions, and capital outflows from emerging markets. Also, long-term challenges, including from aging, elevated inequality, and the persistent housing shortage, need to be tackled. Prudent macroeconomic policies and ample buffers are in place to help smoothen the transition and ensure continued stability.

Subject: Economic and financial statistics, Expenditure, External sector statistics, Financial regulation and supervision, Housing, Housing prices, National accounts, Prices

Keywords: Asia and Pacific, Authority, Business cycle, China, Convertibility undertaking, CR, External sector statistics, FX reserve, Global, HK dollar, Housing, Housing prices, IMF staff calculation, ISCR, Rate of HK, SAR.

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/020
Stock No:

1HKGEA2019001
ISBN:

9781484395707
ISSN:

1934-7685

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