二零一八至一九年财政预算案咨询.pdf

• The Hong Kong economy picked up to grow notably by 3.9% year-on- year in real terms in the first three quarters of 2017. External demand stayed vibrant amid the rather strong global economic growth momentum, and domestic demand also grew solidly. 二零一七年首三季，香港經濟增長加快，按年實質顯著增長 3.9% 。環球經濟增長勢頭不錯，外部需求持續向好，而內部需 求亦穩步增長。 • The labour market has been in a state of full employment and tightened further. The seasonally adjusted unemployment rate stayed at a nearly 20-year low of 3.0% in September – November 2017. Inflation eased further, with the underlying rate averaging 1.7% in the first eleven months of 2017, 0.6 percentage point lower than that for 2016 as a whole. 勞工市場持續處於全民就業狀態，並進一步趨緊。經季節性調整 的失業率在二零一七年九月至十一月維持於3.0% ，為近二十年的 低位。通脹進一步回落 ，二零一七年首十一個月的基本通脹率 平均為 1.7% ，較二零一六年全年平均低0.6個百分點。 • Hong Kong’s economic growth in the first three quarters of 2017, at 3.9% year-on- year in real terms, was above the past ten-year trend, marking the fastest growth in six years. 二零一七年首三季，香港經濟按年實質增長 3.9% ，高於過去十年平均趨 勢，亦是六年以來最快。 • Global economic growth has been picking up over the course of 2017. The synchronised upturn in major economies has bolstered regional trade flows in Asia. Inbound tourism concurrently recovered. Hong Kong’s goods exports registered visible growth, while exports of services also progressively improved during the year. 環球經濟增長在二零一七年內續見加快，主要經濟體同步改善，令亞洲區 內貿易往來暢旺。訪港旅遊業亦同時復蘇。香港貨物出口錄得可觀的增幅， 而服務輸出則在年內逐步改善。 • Domestic demand stayed firm. Underpinned by tight labour market conditions, private consumption expenditure expanded briskly in the first three quarters of 2017. Thanks to strong local consumption demand and bottoming out in inbound tourism, retail sales have gradually turned up. 內部需求持續堅挺。在勞工市場情況偏緊的支持下，私人消費開支在二零 一七年首三季顯著增加。隨着本地 消費需求暢旺，而訪港旅遊業亦見底回 升，零售銷售漸見好轉。 • The labour market stayed i