01823cas a2200241 a 4500 AALejournalIMF006169 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451817010 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. People's Republic of China-Hong Kong Special Administrative Region : 2009 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (37 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2009 Article IV Consultation highlights that Hong Kong Special Administrative Region's economy was severely affected by the global financial crisis. The recovery is now under way, fueled by growth on the Mainland, supportive policies, and accommodative monetary conditions imported from the United States. Despite the steepness of the downturn in early 2009, job losses have been relatively modest and unemployment now stands at 5.2 percent. Executive Directors have welcomed the robustness of the Hong Kong banking system, the result of banks' careful risk management, and the authorities' vigilant, prudent regulation and enforcement. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2009/321 Full text available on IMF http://elibrary.imf.org/view/journals/002/2009/321/002.2009.issue-321-en.xml IMF e-Library