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香港總督府
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10 FFR 1381 FER1981
ERK OFFICER
PA
REGISTRY
Action Taken
GOVERNMENT HOUSE
HONG KONG
Submit with papers &
13 February 1981
with programme for
Sof's ton minit k
Ak in danh
HONG KONG ANNUAL REVIEW
118/2
Thank you for your letter of 3 February. I have no doubt that the comment in your second paragraph was compressed, but the warning note I wished to strike was more about the frame of mind of the population than the economy itself in absolute terms. The latter by comparative world standards is not bad, and I should hope would improve at least in the second half of this year though this is speculation. However a combination of things including inflation, immigration and failure of real incomes to rise in marked contrast to previous years, has produced a rather gloomy and querulous mood.
It may or may not be ephemeral, but while it is there it is something extra that needs to be watched.
Repty seat
720/2
R D Clift Esq
ど
Hong Kong and General Department Foreign and Commonwealth Office London
in
see S
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