Current Account Surplus To Shrink, But Remain Solid

Although the pace of export declines moderated slightly in March, Hong Kong's exporters will continue to face a tough time in 2009 as global growth continues to weaken. And, with exports forecast to fall more sharply than imports, the special administrative region's current account will come under pressure. However, at an estimated 9.5% of GDP, we highlight that Hong Kong will still retain a significant current account surplus.

To read the full article, please choose one of the following options: