| Abstract | The Hong Kong economy has been recovering from its cyclical slowdown in 1996 and growth momentum is expected to accelerate further in 1997. External demand would be underpinned by a recovering world economy and a steady dollar while domestic demand would be supported by further improvement in labour market conditions and an overall pick up in economic activities. For the year 1996 as a whole, gross domestic product (GDP) is forecast to grow by 5.4%. Inflation is also projected to rise to 7%. Detailed explanation and analysis are provided in this article. |
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