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Hong Kong's Modest Economic Growth: Sustained by Domestic Consumption

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  • Yang ZHANG
  • Sarah Y TONG

Abstract

Hong Kong's economy grew by 2.4% in 2015, sustained largely by a strong expansion in household consumption. The government took supporting measures, including stronger public spending and tax reduction. The economy has become increasingly interwoven with that of the Mainland and a new bilateral agreement was signed to enhance trade in services. As Hong Kong's economy is likely to face even gloomier climate in 2016, improved physical connections with the Mainland and tighter cooperation are key.

Suggested Citation

  • Yang ZHANG & Sarah Y TONG, 2016. "Hong Kong's Modest Economic Growth: Sustained by Domestic Consumption," East Asian Policy (EAP), World Scientific Publishing Co. Pte. Ltd., vol. 8(01), pages 104-117, January.
    • Handle: RePEc:wsi:eapxxx:v:08:y:2016:i:01:n:s179393051600009x
    DOI: 10.1142/S179393051600009X
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