RESTRICTED
TT0060
MDHIAN 2292
RESTRICTED
FM HONG KONG
TO DESKBY 14110OZ FCO
TELNO 501
OF 141015Z FEBRUARY 89
INFO IMMEDIATE BTC HONG KONG
TO HKD
ECONOMIC AND TRADE STATISTICS
YOUR TELNO 390′
OPY
HKC090/2
и
J
1. THE INFORMATION REQUESTED UNDER ITEMS 1(A) TO (C) OF TUR WILL NOT BE PUBLICLY AVAILABLE UNTIL ANNOUNCED IN THE FINANCIAL SECRETARY'S BUDGET SPEECH ON 1ST MARCH. PRELIMINARY INDICATIONS ARE THAT THE GDP GROWTH RATE FOR 1988 WILL BE SOMEWHAT ABOVE THE
6 PER CENT FORECAST BY THE FINANCIAL SECRETARY IN SEPTEMBER 1988: WHILE THE GROWTH RATE OF PRIVATE SECTOR INVESTMENT WILL BE SLIGHTLY BELOW HIS FORECAST OF 7.2 PER CENT, THAT FOR DOMESTIC EXPORTS WILL BE SOMEWHAT HIGHER THAN HIS FORECAST OF 6 PER CENT. AS A SHARE OF GDP, PRIVATE SECTOR INVESTMENT WILL PROBABLY BE SOMEWHAT BELOW 25 PER CENT AND DOMESTIC EXPORTS SOMEWHAT ABOVE 50 PER CENT.
2. ON ITEM 1(D), VALUES OF EXPORTS TO AND IMPORTS FROM HONG KONG ARE RESPECTIVELY ECU 5.8 BILLION (HKD51.7 BILLION) AND
ECU 8.7 BILLION (HKD 77.4 BILLION). (AT TODAY'S EXCHANGE RATE OF 1 ECU EQUALS HKD 8.86.)
3. SBTC HONG KONG WILL SEND YOU THE FIGURES ON ITEM 1 (E) DIRECT.
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