Macao’s economic prosperity index from December to February will remain at a level regarded as “stable,” according to a report released by the Macau Economic Association yesterday.
The report predicted that for the months of December, January and February, the economic prosperity index would reach 6.2 points, 6.2 points and 6.3 points respectively, up from 6.0 in November.
For comparison purposes, the index stood at 3.6 at the start of the year.
[See more: Moody’s downgrades Macao’s outlook from stable to negative]
The index is based on 13 indicators, including visitor numbers, employment, the share prices of Macao’s gaming concessionaires, and money supply.
The Macau Economic Association’s assessment is in contrast to a report published earlier this month by credit rating agency, Moody’s, which downgraded Macao’s outlook from stable to “negative,” as a result of “tight political, institutional, economic and financial linkages.”
The association concedes, however, that the SAR’s economic recovery faces challenges, in light of the subdued predictions for the global economy in 2024 made by the International Monetary Fund.
