IMF Staff Country Reports

People’s Republic of China-Hong Kong Special Administrative Region: Staff Report for the 2002 Article IV Consultation Discussions

Publication Date:

May 15, 2002

Electronic Access:

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Summary:

This 2002 Article IV Consultation for Hong Kong Special Administrative Region highlights that a recovery from the Asian crisis started in 1999, and GDP growth surged to 10½ percent in 2000. However, before sustained growth could take hold, the global slowdown in 2001 dealt another blow to the economy, and real GDP growth dropped to almost zero. Although the renewed downturn was led by falling exports, domestic demand also slowed. The outlook for 2002 is for a moderate recovery, spurred by the expected rebound in global activity.

Series:

Country Report No. 2002/100

Subject:

Budget planning and preparation Competition Deflation Expenditure Exports Financial markets Income inequality International trade National accounts Public financial management (PFM)