People’s Republic of China—Hong Kong Special Administrative Region: 2022 Article IV Consultation Discussions-Press Release; and Staff Report

March 7, 2022

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Format: Chicago

People’s Republic of China—Hong Kong Special Administrative Region: 2022 Article IV Consultation Discussions-Press Release; and Staff Report, (USA: International Monetary Fund, 2022) accessed November 21, 2024

Summary

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.

Subject: Economic and financial statistics, Economic growth, Economic recovery, External sector statistics, Financial sector policy and analysis, Financial sector stability, Housing, Housing prices, International organization, Monetary policy, National accounts, Prices

Keywords: Article IV consultation discussion, C. containing housing market, Economic recovery, External sector statistics, Financial sector stability, GDP compilation, Global, Housing, Housing prices, Housing supply, Improving housing affordability, Rate of HK

Publication Details

Pages:

81
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/069
Stock No:

1HKGEA2022001
ISBN:

9798400202971
ISSN:

1934-7685

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