HK Budget Special Report - 2008/09 - Government Budget
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HK Budget Special Report - 2008/09
The Financial Secretary, Mr John Tsang, presented the 2008/09 Government Budget to the Legislative Council (“LegCo”) on 27 February 2008.
He reported that our GDP growth is the highest of the past ten years and Hong Kong’s economy has staged a strong recovery over the past few years, with a marked improvement in employment and rise in asset prices. Consumer sentiment and investor confidence are strong.
He warned however, that Hong Kong is faced with the risk of global economic slowdown and rising inflation, albeit the sustained rapid economic growth of the Mainland China and its increasingly intensified economic integration with Hong Kong will cushion the impact of this slowdown on Hong Kong.
