TNAG-2384-FCO40-3466-Emigration-from-Hong-Kong-1991 — Page 19

56%

CHART 4

ECONOMIC OUTLOOK OF HONG KONG

1991

43%38%47%53%43%

35%

25%29%34%%32%35%26%

24%

18%22%

30%22%

7% 11%12%19%

13%8% 18%

33%44%46%49844 %41 %48 %84% $148%50%47%51%415%43%40%419

41%4854%

10%

22%

11%13% 9% 6% 8% 21% 19%17%18% 18%23%

33%

49%42%37%40%41%47%

28%

29%31%

48846%48%40%34% 44%55%42% JAN FEB JUN OCT MAY OCT APR JUN NOV APR OCT APR OCT

│85 86

1990

1987

1989

Will deteriorate

1988

Will remain the same

1991

Will improve

* On 19 October 1987, Hang Seng Index dropped by 420.81 points and from 20 to 23 October the Stock

and Future Exchanges were closed.

Base : All respondents (3,999,000) Unweighted Base: (1,011)