GDP growth expected to expand by 4.5% next year following well-drilling in the Bayu-Undan field and vaccine deliveries from China and Japan.
Economist Intelligence Unit
Outlook remains good for next year as well, as agriculture recovers from flash flooding.
Island nation’s limited oil reserves will stand it in good stead in the near future, but cooperation with Australia is essential, EIU reports.
Macao’s economy will recover in 2021 from a 63% fall projected for this year with the Special Administrative Region’s “fortunes tied to a recovery in Chinese tourism”, the Economist Intelligence Unit (EIU) says.
The Macau economy is expected to grow at a rate of 5.2 percent in 2017 and an average rate of 5.3 percent in 2018, according to the latest report on Macau from the Economist Intelligence Unit (EIU).The publication adds that the expected economic growth will be based on increased gaming revenues.
Macau’s real GDP in 2015 will probably contract sharply by 21% as the anti-corruption campaign in China will continue in 2015-16, according to the Economist Intelligence Unit (EIU) latest report. In this report, dated 21st of September, EIU analysts predict spending in Macau’s casinos will probably begin to expand again by the last few months […]
The Economist Intelligent Unit (EIU) has significantly increased its economic contraction forecast for the Macau economy this year to 24.0 percent, according to a report produced on 17 June. In the previous report, produced five days before, on 12 June, for this year the EIU outlined a contraction of just 6.0 percent. The EIU also […]
The Macau economy is expected to start growing again in 2016, when the technical Economist Intelligence Unit predicts real growth of 5.3 percent, according to the most recent report on Macau. After the GDP of the territory recorded a growth rate of 10.7 percent in 2013 and negative 0.4 percent in 2014, the EIU report […]
The Macau economy is expected to contract by 4.0 percent in 2015 and return to positive growth in 2016 with a rate of 8.0 percent, after ending 2014 with growth of just 0.7 percent, according to forecasts from the Economist Intelligence Unit (EIU). The EIU analysts explain this year’s low economic growth and the fall […]
