The Macau Economic Association’s forecast is in contrast to a report published earlier this month by Moody’s, which downgraded Macao to ‘negative’.
Economic Prosperity Index
The Macau Economic Association thinks the economy is on track to grow this year by more than the already very respectable 74.4 percent forecast by the IMF.
A projection from the Macau Economic Association says indicators are slightly below expectations but stable and improving.
The local economy is tipped to reach stable levels by May, according to the latest forecast by the Macau Economic Association.
