Hong Kong Can Still Thrive
Hong Kong has been immensely successful over the past four decades in its economic development.
Hong Kong has been immensely successful over the past four decades in its economic development.
Hong Kong’s economy has been rebounding strongly due to the progress in COVID-19 vaccinations, and recovering domestic and external demand, but targeted policy support to hard-hit sectors and supportive credit…
Hong Kong’s economy has been rebounding strongly due to the progress in COVID-19 vaccinations, and recovering domestic and external demand.
Hong Kong’s economy has been rebounding strongly due to the progress in COVID-19 vaccinations, and recovering domestic and external demand, but targeted policy support to hard-hit sectors and supportive credit conditions remain important to safeguard the recovery.
AMRO’s baseline 2022 GDP growth forecast for the ASEAN+3 region assumes continued improvement in the global economy, but at a slower pace due to the Omicron variant.
The ASEAN+3 Macroeconomic Research Office (AMRO) expects the ASEAN+3 region to remain resilient in 2022, despite new challenges from the COVID-19 pandemic and the global economy.
As a resource-rich country, Brunei Darussalam’s economy depends heavily on developments in the oil and gas sector.
Brunei Darussalam’s external position and fiscal balance should improve considerably, benefiting from rising global oil prices amid better global economic prospects.
Brunei Darussalam’s economy should recover moderately by 2.1 percent in 2021, after a slower but still positive growth in 2020 amid the global economic downturn due to the COVID-19 pandemic.
In 2021, the prolonged pandemic continues to cast a shadow on the global economy, but we could see a glimmer of light at the end of the tunnel. Economic recovery in the ASEAN+3 region is on track, underpinned by faster vaccination rollouts, the availability of new COVID-19 treatments, and supportive policy measures.