People S Republic Of China Hong Kong Special Administrative Region 2022 Article Iv Consultation Discussions Press Release And Staff Report

Author : International Monetary,International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 81 pages
File Size : 46,8 Mb
Release : 2022-03-07
Category : Business & Economics
ISBN : 9798400202971

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People’s Republic of China—Hong Kong Special Administrative Region: 2022 Article IV Consultation Discussions-Press Release; and Staff Report by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf

Hong Kong SAR’s economy is recovering strongly as ample policy space has allowed the enaction of swift and bold policy responses to address the unprecedented crisis emanating from multiple shocks, including notably the pandemic. But the recovery remains uneven, with private consumption lagging, owing, in part, to a zero- COVID tolerance approach. The financial sector has remained resilient supported by significant buffers, strong institutional frameworks, and a well-functioning Linked Exchange Rate System (LERS). Increasing financial linkages with Mainland China bring both opportunities and challenges for growth and financial stability.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 49,8 Mb
Release : 2024-06-29
Category : Electronic
ISBN : OCLC:1323439114

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People's Republic of China-Hong Kong Special Administrative Region by Anonim Pdf

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 89 pages
File Size : 43,9 Mb
Release : 2019-12-30
Category : Business & Economics
ISBN : 9781513524627

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People's Republic of China-Hong Kong Special Administrative Region by International Monetary Fund. Asia and Pacific Dept Pdf

This 2019 Article IV Consultation with People’s Republic of China—Hong Kong Special Administrative Region (SAR) discusses that the economy is projected to start recovering next year, but the pace is expected to be gradual and both near- and medium-term risks have increased significantly, including from trade and technology tensions, ongoing social unrest, and structural challenges of insufficient housing supply and high income inequality. Hong Kong SAR is well placed to address both cyclical and structural challenges with its significant buffers thanks to its long history of prudent macroeconomic policies. Given that the fiscal framework permits deficits during economic downturns, government spending should be increased significantly in the areas of social safety nets, education/retraining, and infrastructure to cope with the cyclical downturn and address structural challenges of insufficient housing and high-income inequality. This should be complemented with measures to ensure fiscal sustainability and greater equity.

Author : International Monetary,International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 48 pages
File Size : 45,5 Mb
Release : 2022-04-12
Category : Business & Economics
ISBN : 9798400206610

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People’s Republic of China—Macao Special Administrative Region: 2022 Article IV Consultation Discussions by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf

Macao SAR’s recovery is expected to continue in 2022, but it will take several years before the economy returns to its pre-crisis level. Although strong fiscal support and the financial strength of Macao SAR’s casino groups cushioned employment and consumption, the sharp contraction in activity exposed Macao SAR’s vulnerability to external forces affecting the inflow of tourists. Short-term risks to the outlook include a re-intensification of the COVID-19 pandemic and an increase in Macao SAR’s financial sector stress. The heavy impact of the pandemic on Macao SAR’s growth highlights the need to diversify the economy beyond the gaming industry. The high exposure to climate-related shocks poses long-term concerns.

Author : Anonim
Publisher : Unknown
Page : 54 pages
File Size : 54,7 Mb
Release : 2003
Category : Hong Kong (China)
ISBN : STANFORD:36105112774810

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People's Republic of China--Hong Kong Special Administrative Region, Staff Report for the ... Article IV Consultation Discussions by Anonim Pdf

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 80 pages
File Size : 48,5 Mb
Release : 2023-05-31
Category : Business & Economics
ISBN : 9798400243905

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People’s Republic of China—Hong Kong Special Administrative Region by International Monetary Fund. Asia and Pacific Dept Pdf

After coping with another year of large COVID-related disruptions, economic activity is normalizing with the re-opening of the border, including with Mainland China. Strong fiscal policy support has helped the economy navigate through multiple shocks over the last few years, while strong institutional frameworks and financial buffers have allowed the financial system to remain resilient and continue to operate smoothly, including the Linked Exchange Rate System. The economy is facing macro-financial challenges amid rising interest rates, spillovers from strains in Mainland China’s real estate sector, adjustment in the local property market, and global economic slowdown.

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : INTERNATIONAL MONETARY FUND
Page : 0 pages
File Size : 53,6 Mb
Release : 2014-05-22
Category : Business & Economics
ISBN : 1498343791

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People’s Republic of China—Hong Kong Special Administrative Region by International Monetary Fund. Asia and Pacific Dept Pdf

This 2014 Article IV Consultation highlights that Hong Kong Special Administrative Region’s (HKSAR) growth recovered to 2.9 percent in 2013 as resilient domestic demand helped offset the continued drag from net exports. As the global recovery takes hold, external demand is forecast to improve and lift growth to about 33⁄4 percent in 2014, although domestic demand remains solid. Inflation is expected to remain at about 4 percent, given the slow pass-through of housing costs. In line with the improved economic outlook, the 2014/15 budget includes a reduction in one-off measures of about 1.9 percent of GDP.

Author : International Monetary Fund
Publisher : Unknown
Page : 40 pages
File Size : 43,6 Mb
Release : 2005-02-21
Category : Electronic
ISBN : 1451816928

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People's Republic of China--Hong Kong Special Administrative Region by International Monetary Fund Pdf

This 2004 Article IV Consultation highlights that after a period of prolonged weakness in economic activity, persistent deflation and rising fiscal deficits, the macroeconomic outlook for Hong Kong Special Administrative Region has improved significantly since mid-2003. The recovery has gained significant momentum and become broad-based in 2004. The consolidated fiscal deficit for FY2004/05 is now projected at about 13⁄4 percent of GDP, compared with the budget target of about 5 percent of GDP. The improvement relative to the budget is on account of buoyant revenue performance and continued expenditure restraint.

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 59 pages
File Size : 43,6 Mb
Release : 2024-05-30
Category : Business & Economics
ISBN : 9798400276170

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People’s Republic of China—Macao Special Administrative Region by International Monetary Fund. Asia and Pacific Dept Pdf

Macao SAR’s growth is expected to remain strong in the near term despite the recent slowdown. Continued recovery of the gaming sector will shape Macao SAR’s near-term outlook. A stronger slump in the Mainland’s property sector and higher-for-longer interest rates in the major economies are the main short-term risks to the outlook. The secular growth slowdown in Mainland China could weigh on Macao SAR’s medium-term growth. Moreover, medium-term growth could be adversely affected by extreme climate events. The authorities have stepped up their efforts to diversify Macao SAR’s economy, which, if successful, could mitigate some of the risks to the medium-term growth.

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 89 pages
File Size : 53,7 Mb
Release : 2019-12-31
Category : Business & Economics
ISBN : 9781513525471

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People's Republic of China-Hong Kong Special Administrative Region by International Monetary Fund. Asia and Pacific Dept Pdf

This 2019 Article IV Consultation with People’s Republic of China—Hong Kong Special Administrative Region (SAR) discusses that the economy is projected to start recovering next year, but the pace is expected to be gradual and both near- and medium-term risks have increased significantly, including from trade and technology tensions, ongoing social unrest, and structural challenges of insufficient housing supply and high income inequality. Hong Kong SAR is well placed to address both cyclical and structural challenges with its significant buffers thanks to its long history of prudent macroeconomic policies. Given that the fiscal framework permits deficits during economic downturns, government spending should be increased significantly in the areas of social safety nets, education/retraining, and infrastructure to cope with the cyclical downturn and address structural challenges of insufficient housing and high-income inequality. This should be complemented with measures to ensure fiscal sustainability and greater equity.

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 77 pages
File Size : 47,7 Mb
Release : 2017-08-15
Category : Business & Economics
ISBN : 9781484314722

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People's Republic of China by International Monetary Fund. Asia and Pacific Dept Pdf

This Selected Issues paper examines the drivers and prospects for high levels of savings in China. China has one of the highest levels of national savings in the world, which is at the heart of its external and internal imbalances. High and rising household savings have mainly resulted from demographic changes as a result of the one-child policy and the breakdown of the social safety net during the transition from a planned to a market economy. Demographic changes will put downward pressure on national savings. Policy efforts to strengthen the social safety net and reduce income inequality are also needed to reduce savings further and faster and to boost consumption.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 77 pages
File Size : 44,5 Mb
Release : 2018-01-23
Category : Business & Economics
ISBN : 9781484338384

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People's Republic of China-Hong Kong Special Administrative Region by International Monetary Fund Pdf

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.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 48 pages
File Size : 49,7 Mb
Release : 2000-01-01
Category : Business & Economics
ISBN : 9781452751900

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People's Republic of China-Hong Kong Special Administrative Region by International Monetary Fund Pdf

Hong Kong Special Administrative Region (SAR) underwent a painful period of recession and adjustment during the Asian crisis. The adjustment in prices under the linked exchange rate system is well under way. Fiscal policy should continue to provide support for the recovery. Unemployment has stabilized but remains high. The banking system is resilient to external shocks. Technological changes in key service industries and the evolving relationship with the Mainland will lead to major structural changes in the Hong Kong SAR economy.

Author : International Monetary,International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 43 pages
File Size : 48,9 Mb
Release : 2022-04-12
Category : Business & Economics
ISBN : 9798400206962

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People’s Republic of China—Macao Special Administrative Region: Selected Issues by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf

People’s Republic of China—Macao Special Administrative Region: Selected Issues

Author : International Monetary Fund
Publisher : Unknown
Page : 35 pages
File Size : 44,7 Mb
Release : 2002
Category : Budget deficits
ISBN : OCLC:248642983

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People's Republic of China-Hong Kong Special Administrative Region by International Monetary Fund Pdf