People’s Republic of China-Hong Kong Special Administrative Region: Staff Report for the 2002 Article IV Consultation Discussions
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)
English
Publication Date:
May 15, 2002
ISBN/ISSN:
9781451816877/1934-7685
Stock No:
1HKGEA0022002
Pages:
36
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