Economy
Mr Gagant vinde med MANA
- 14 -
30.
general.
Sir, I now turn with relief to the economy in
Some members including Mr WONG Po-yan, Mr. HO
m. Sai-chu, Mã, Stephen Cheong, Mr. Peter Poon, Br. Kim Cham, Mr.
Helmut Sohmen and Mr. CHUNG Pui-lam have touched upon Hong
Kong's future economic development. There is no doubt that
the crises in the world's financial markets have made more
likely some slowdown in the growth rates of a number of
major economies. Hong Kong, with its high exposure to
external forces, will almost certainly be affected, and in
such an externally-oriented economy there is naturally
limited scope for action.
basically in good shape.
le. Leview la
Nevertheless, our economy is
Trade has been growing rapidly
-
and unemployment is low. As I indicated in my Mid-Year
at the end of September which seems a long time
ago some of our current problems, notably inflation and
shortage of labour, are arising from the fact that our
productive capacity is having some difficulty in keeping up
with demand. These bottleneck problems will probably make
some slowing down inevitable. Recent events could well
accelerate the process.
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Ёс
31.
If we
But provided the slowdown in our economic growth
is not too dramatic, we should not be alarmed.
maintain our confidence, and if we are lucky enough to see
government's worldwide pursuing policies aimed at fostering
economic growth, while eliminating the imbalances in the
world economy, then Hong Kong should continue to prosper.