IMF predicts substantial growth this year and next, while unemployment and inflation should both remain low.
Macau’s economy is expected to grow at an average real rate of 7.8% this year and 2018, boosted by the recovery in services exports, particularly those related to gambling, according to the latest Economist Intelligence Unit (EIU) report.
Fitch Ratings projects 12% gaming revenue growth in Macau for 2017 with equal contributions from the mass market and VIP segments.
Macau’s economy grew 7 percent in the fourth quarter of last year, followed by a 4 percent rise in the previous homologous period, the Secretary for Economy and Finance, Lionel Leong, announced on Wednesday.
Secretary for Economy and Finance Lionel Leong says the government is confident that Macau’s economy will record “modest” growth this year. Macau’s economy in the first half of last year continued the downward trend seen in 2015, the second half of 2016 recorded a “relatively stable” performance.
Secretary for Economy and Finance Lionel Leong Vai Tac said on Monday the government needed to increase public investment to
Macau’s economy has begun a process of “significant transition”, and the government has used the opportunity to adopt a less
The Chinese city of Changzhou will house the Jiangsu-Macau cooperation park, according to a memorandum signed on Friday by the
