News Headline Summary

IMF says Hong Kong real GDP growth is projected to slow to 1.25% this year, 2013 GDP growth forecast at 3%

Says:

- Hong Kong's linked exchange rate system is effective and warrants continued support.
- Policies needed to contain macroeconomic risks from housing market.
- Probability of correction big enough to cause major economic consequences is low in near term.

Update details:

- Please note, HKMA injected HKD 12bln into Hong Kong financial system to defend PEG yesterday.

Print 03:03, 12 Dec 2012 - Asian News - Source: Newswires