IMF Staff Country Reports

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

Download PDF

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 October 19, 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:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2018/016

  • Stock No:

    1HKG2018001

  • ISBN:

    9781484338346

  • ISSN:

    1934-7685

You May Also Be Interested In...

Ukraine: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Waivers of Applicability of Performance Criteria, Modification of Performance Criterion, Rephasing of Access, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ukraine

October 18, 2024

Republic of Türkiye: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Türkiye

October 11, 2024

Montenegro: Technical Assistance Report-Report on External Sector Statistics Mission (July 29-August 9, 2024)

October 11, 2024

Sleepwalking to the Cliff Edge?: A Wake-up Call for Global Climate Action

October 10, 2024