IMF Staff Country Reports

People’s Republic of China—Hong Kong Special Administrative Region: 2024 Article IV Consultation Discussions-Press Release; and Staff Report

January 23, 2025

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International Monetary Fund. Asia and Pacific Dept "People’s Republic of China—Hong Kong Special Administrative Region: 2024 Article IV Consultation Discussions-Press Release; and Staff Report", IMF Staff Country Reports 2025, 015 (2025), accessed February 11, 2025, https://0-doi-org.library.svsu.edu/10.5089/9798400299445.002

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Summary

Hong Kong SAR’s economy is on a path of gradual but uneven recovery following a protracted period of shocks. While the unemployment rate has declined to historical lows, employment loss has been sizable and domestic demand has remained weak amid tight financial conditions and property market downturn, both locally and in Mainland China. The territory’s integration with Mainland China, including in the context of the Greater Bay Area (GBA) initiative, has significantly increased in recent years, but rising regional competition has put pressure on some of its traditional growth engines, prompting the authorities to pursue new sources of growth, including from innovative, technology-driven sectors.

Subject: Climate finance, Environment, Housing, Housing prices, National accounts, Population and demographics, Prices

Keywords: Asia and Pacific, Climate finance, Consultation discussion, Exchange regime, Global, Housing, Housing prices, Rate of HK, Surveillance effort, Surveillance topic

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