TNAG-1942-FCO40-2768-Internal-economic-situation-in-Hong-Kong-1989 — Page 13

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of increase in the CPI (A) and the GDP

deflator, both to 10%. The pressures

on costs and prices are effectively

restraining demand. The consequent

slow-down in economic activity should

help to ease inflation in due course.

21. Details of the updated forecasts

are shown in the attached table.

22.

The Third Quarter Economic Report

1989 will be on sale on 27 November

1989 at the Government Publications

Centre in Connaught Place, Central, at

$20 a copy.