02318cas a2200241 a 4500 AALejournalIMF016134 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513524627 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. People's Republic of China-Hong Kong Special Administrative Region : 2019 Article IV Consultation Discussions-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for the People's Republic of China-Hong Kong Special Administrative Region. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (89 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 2019 Article IV Consultation with People's Republic of China-Hong Kong Special Administrative Region (SAR) discusses that the economy is projected to start recovering next year, but the pace is expected to be gradual and both near- and medium-term risks have increased significantly, including from trade and technology tensions, ongoing social unrest, and structural challenges of insufficient housing supply and high income inequality. Hong Kong SAR is well placed to address both cyclical and structural challenges with its significant buffers thanks to its long history of prudent macroeconomic policies. Given that the fiscal framework permits deficits during economic downturns, government spending should be increased significantly in the areas of social safety nets, education/retraining, and infrastructure to cope with the cyclical downturn and address structural challenges of insufficient housing and high-income inequality. This should be complemented with measures to ensure fiscal sustainability and greater equity. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/394 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/394/002.2019.issue-394-en.xml IMF e-Library