Hong Kong recovery expected to slow – IMF
The International Monetary Fund assesses Hong Kong’s economic recovery as strong, following multiple shocks in 2021. However, the fund warns the balance of risks “is tilted to the downside”, and it expects the recovery to slow.
Swift policy responses – notably a large fiscal stimulus and a cut in the countercyclical capital buffer – were key reasons that real activity increased 6.4% in 2021, the IMF’s latest Article IV consultation said. But despite improving labour market conditions and a
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