IMF says Macau economy to contract 7.2 per cent in 2016

The International Monetary Fund (IMF) forecast Macau SAR’s economy to contract 7.2% for 2016 and to resume a positive growth

FILE - In this Feb. 1, 2014 file photo, tourists gather in front of old and new Casino Lisboa during a Chinese New Year celebration in Macau. Macau was the world’s top-performing metro area in 2014, according to a report released Thursday, Jan. 22, 2015 by the Brookings Institution’s Metropolitan Policy Program as a part of the Global Cities Initiative, a joint project of Brookings and JPMorgan Chase. (AP Photo/Vincent Yu, File)