Regional Economic Outlook
April 29, 2024
Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. Near-term risks are now broadly balanced, as global disinflation and the prospect of monetary easing have increased the likelihood of a soft landing. Spillovers from a deeper property sector correction in China remain an important risk, however, while geoeconomic fragmentation clouds medium-term prospects. Given the diverse inflation landscape, central bank policies need to calibrate policies carefully to domestic needs. Fiscal consolidation should accelerate to contain debt burdens and debt service cost, in order to preserve budgetary space for addressing structural challenges, including population aging and climate change.
Read the Report
This web page presents information about the work of the IMF in Hong Kong, including the activities of the IMF Resident Representative Office. Additional
information can be found on the Hong Kong and IMF country page, including IMF reports and Executive Board documents that deal with Hong Kong.
At a Glance : Hong Kong's Relations with the IMF
- Current IMF membership: 190 countries
- As a Special Administrative Region of the People’s Republic of China, Hong Kong SAR is not a member of the Fund
- Annual consultation discussions have been held with the Hong Kong SAR authorities since October 1990
- The last Article IV Executive Board Consultation was on January 24, 2019 (Country Report 19/20)
News and Highlights
-
Money, Transformed: The Future of Currency in A Digital World
Finance and Development Magazine, June 2018
May 30, 2018
-
Millennials and the Future of Work
Finance & Development Magazine, June 2017 Issue
September 8, 2017
-
World Economic Outlook Update, July 2017
The Global Economy Maintains Momentum
July 25, 2017
-
What We Have Seen and Learned 20 Years After the Asian Financial Crisis
Blog by Mitsuhiro Furusawa
July 13, 2017
-
Asia's Dynamic Economies Continue to Lead Global Growth
Regional Economic Outlook News Article
May 9, 2017
Hong Kong and the IMF
-
Crisis Amplifier? How to Prevent AI from Worsening the Next Economic Downturn
May 30, 2024
AI has the power to change our lives and the global economy. We have the power to shape that change for the better.
-
May 31, 2023
In concluding the 2023 Article IV consultation discussions with Hong Kong Special Administrative Region, Executive directors endorsed staff appraisal as follows: The Hong Kong SAR economy is recovering strongly with post-COVID normalization of economic activity. Near-term risks to the growth outlook are balanced, with systemic risk in the financial sector manageable, given significant buffers.
-
May 31, 2023
Series:Country Report No. 2023/186
-
May 4, 2023
Strong fiscal policy support has helped the economy navigate through multiple shocks over the last few years, while strong institutional frameworks and financial buffers have allowed the financial system to remain resilient and continue to operate smoothly, including the Linked Exchange Rate System (LERS).
-
March 8, 2022