Budget 2005

PUBLISHED : Thursday, 17 March, 2005, 12:00am
UPDATED : Thursday, 17 March, 2005, 12:00am


'Although Hong Kong's economy is expected to maintain solid growth this year, we still have to be alert to certain risks and variables such as oil prices, US dollar exchange and interest rates, geopolitical uncertainties, and whether the global and Asian economies can maintain their anticipated steady growth this year ...

In overall terms, Hong Kong's economy is expected to achieve solid growth in 2005, with GDP forecast to grow by 4.5 to 5.5 per cent. With a further pick-up in the economy and the development and implementation of various tourism and infrastructure projects, overall employment opportunities look set to increase further, and the unemployment situation in Hong Kong will continue to improve. Inflation will remain modest, with the composite consumer price index expected to rise by a mere 1.5 per cent for the year.'