| Abstract | Hong Kong's economy in 1995 has been affected by cyclical adjustments. Due to the bursting of bubbles in both property and stock markets and the rise of of interest rates, domestic consumption was weak and unemployment rate was on the rise. In 1996. HK's economy will continue to undergo some cyclical adjustments. Because external factors remain stable and the negative effect of internal factors is abating, it is expected that the real economic growth can remain at 5% and the inflation rate will fall to 8.5%. |
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