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People's Republic of China-Hong Kong Special Administrative Region :, 2009 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

Label
People's Republic of China-Hong Kong Special Administrative Region :, 2009 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
Language
eng
Abstract
This 2009 Article IV Consultation highlights that Hong Kong Special Administrative Region’s economy was severely affected by the global financial crisis. The recovery is now under way, fueled by growth on the Mainland, supportive policies, and accommodative monetary conditions imported from the United States. Despite the steepness of the downturn in early 2009, job losses have been relatively modest and unemployment now stands at 5.2 percent. Executive Directors have welcomed the robustness of the Hong Kong banking system, the result of banks’ careful risk management, and the authorities’ vigilant, prudent regulation and enforcement
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
People's Republic of China-Hong Kong Special Administrative Region :
Nature of contents
dictionaries
Oclc number
772536752
Series statement
IMF Staff Country Reports
Sub title
2009 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
Table Of Contents
Cover; Contents; I. Economic Outturns and Outlook; II. Managing the Recovery; A. The Credit-Asset Price Cycle; B. Exit from Extraordinary Measures; C. Fiscal Policy; III. The Implications of Mainland Rebalancing; IV. Staff Appraisal; Boxes; 1. Exchange Rate Assessment; 2. Minimum Wage Legislation; 3. Macroeconomic Implications for Hong Kong SAR of U.S. Credit Easing; 4. Proposed Changes to the Deposit Protection Scheme; 5. Recent Steps Toward Greater Financial Integration with the Mainland; Figures; 1. Financial Market Developments; 2. Growth Prospects; 3. Spillovers from U.S. Credit EasingTables1. Selected Economic and Financial Indicators; 2. Consolidated Government Accounts; 3. Medium-Term Balance of Payments; 4. Medium-Term Macroeconomic Framework; 5. Vulnerability Indicators
Classification
Content
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