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Country Forecast Hong Kong Updater

  • ID: 2114069
  • Country Profile
  • Region: Hong Kong
  • 17 Pages
  • The Economist Intelligence Unit
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In the wake of the massive public protests of June 2019, over proposed changes to the extradition law, The Economist Intelligence Unit no longer expects the chief executive, Carrie Lam, to be re-elected in 2022. However, her successor will face the same structural strains in the political system, balancing the demands of the electorate against those of the central Chinese government.

So-called localists in the opposition camp, who seek more self-determin-ation for the territory, will remain a force, although the authorities will use the legal system to block their participation in the formal political process. Our core forecast assumes that the opposition will remain divided over its response to this tactic, but the risk of a broad boycott of future elections is growing.

The fallout from the June 2019 protests will mean that Ms Lam faces added resistance to her plans to undertake a massive land-reclamation effort off Lantau Island. This forms the cornerstone of the government's long-term housing development plans. The need for more housing will remain acute; the administration is set to miss its targets for new housing development in 2019-23.
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Country Forecast Hong Kong Updater

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

Country forecast overview: Hong Kong's business environment at a glance
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
Taxes
Financing
The labour market
Infrastructure
Technological readiness

Fact sheet

Outlook for 2019-23: Political stability

Outlook for 2019-23: Election watch

Outlook for 2019-23: International relations

Outlook for 2019-23: Policy trends

Outlook for 2019-23: Fiscal policy

Outlook for 2019-23: Monetary policy

Outlook for 2019-23: Economic growth

Outlook for 2019-23: Inflation

Outlook for 2019-23: Exchange rates

Outlook for 2019-23: External sector

Data summary: Global outlook

Data summary: Gross domestic product, current market prices

Data summary: Gross domestic product, at constant prices

Data summary: Gross domestic product by sector of origin

Data summary: Growth and productivity

Data summary: Economic structure, income and market size

Data summary: Fiscal indicators

Data summary: Monetary indicators

Data summary: Employment, wages and prices

Data summary: Current account and terms of trade

Data summary: Foreign direct investment

Data summary: External debt

Data sources and definitions
Global data
Domestic data
Abbreviations
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