education
activities
RESTRICTED
স
is
under
preparation
by
the
Hong
overnment
in coordination with the Hong Kong Nuclear
Company. <Pa Led zo)
VIII. PERFORMANCE OF THE ECONOMY
:-)
<013>
(a) General Situation take
<013)
42.
ес воем
Kong
Investment
Domestic
a strong
exports
1986 saw a marked upturn in the Hong .ong economy, led by
recovery in domestic exports since March
grew by 15% in real terms, in the first ten months of 1986, over the
same period last year, in contrast with a decline of 5% in 1985 as a
whole. This recovery was
was attributable partly to improved demand for
Hong Kong's products in many of its major overseas markets, and
partly to improved external competitiveness caused by the
depreciation of the Hong Kong dollar against most major currencies,
in line with the depreciation of the US dollar under the linked
exchange rate
For the first ten months of 1986 re-exports
system
grew by 10% in real terms.
- 43.
<Pa Lelio>
10
The strong recovery in domestic
ет
exports has helped to
In
maintain employment at a high level and to boost labour incomes
the period September
November 1986, the seasonally-adjusted unemployment rate was 204% and the underemployment rate was 12% Employment continued to grow particularly in the financial and other
business services sectors and
in the distributive trades. Earnings
sectors increased significantly both
money terms and in
in most
real terms
44:
::(Palelo)
in
In line with the improved economic conditions, private
consumption. demand has also firmed up,
as reflected by the
relatively high growth rates of retained imports of consumer goods.
and of foodstuffs, at 11% and 10% respectively in real terms in the
first ten months of 1986. <Pa
1986. <Pa Lel!0;
10.
dec Ө
RESTRICTED
отка
28303