Cover IMF Staff Country Reports
People’s Republic of China—Hong Kong Special Administrative Region: 2022 Article IV Consultation Discussions-Press Release; and Staff Report
Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 069
Language:
English
Publication Date:
07 Mar 2022
DOI:
https://doi.org/10.5089/9798400202971.002
ISBN:
9798400202971
ISSN:
1934-7685
Pages:
81
Keywords:
housing supply; article IV consultation discussion; rate of HK; improving housing affordability; C. containing housing market; GDP compilation; Housing prices; Housing; Economic recovery; Financial sector stability; External sector statistics; Global
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2022: Issue 069