People’s Republic of China—Hong Kong Special Administrative Region : Staff Report for the 2004 Article IV Consultation Discussions

1HKGEA2005002 Image
Price:  $15.00

Release Date: © February, 2005
ISBN : 978-1-45181-692-1
Stock #: 1HKGEA2005002
Stock Status: On back-order

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This 2004 Article IV Consultation highlights that after a period of prolonged weakness in economic activity, persistent deflation and rising fiscal deficits, the macroeconomic outlook for Hong Kong Special Administrative Region has improved significantly since mid-2003. The recovery has gained significant momentum and become broad-based in 2004. The consolidated fiscal deficit for FY2004/05 is now projected at about 1¾ percent of GDP, compared with the budget target of about 5 percent of GDP. The improvement relative to the budget is on account of buoyant revenue performance and continued expenditure restraint.

More publications in this series: IMF Staff Country Reports