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Macau’s GDP to drop 4.7% this year

Macau’s gross domestic product will drop 4.7 per cent in real terms this year, the International Monetary Fund (IMF) predicts in its World Economic Outlook October 2016. The Macau Post Daily received the report from the Washington-based lender on Wednesday. In its April outlook, the fund had still forecast a negative GDP growth of 7.2 […]

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Macau’s gross domestic product will drop 4.7 per cent in real terms this year, the International Monetary Fund (IMF) predicts in its World Economic Outlook October 2016.

The Macau Post Daily received the report from the Washington-based lender on Wednesday.

In its April outlook, the fund had still forecast a negative GDP growth of 7.2 per cent for this year.

The IMF predicts real GDP growth of 0.2 per cent for next year, which would be Macau’s first economic growth in real terms since 2013. In that year, GDP was up 11.2 per cent, according to the IMF.

The fund forecasts inflation to hit 2.6 per cent this year and 2.8 per cent next year, based on annual percentage change. (Macau News/ The Macau Post Daily)

 

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