Allowing for a sharp slowdown, but no recession in the US and no crisis in global financial markets, Hong Kong should experience solid growth with low average inflation this year, economists say. Most initial estimates suggest there will be real GDP growth of 4.8 per cent, with the consumer price index averaging two per cent for the year. While the predicted growth rate is much slower than the expected ten per cent plus real growth for 2000, the past year was an exceptional one, marking the rebound from the recession of late 1997 and 1998.
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