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.
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.
Macau’s real GDP in 2015 will probably contract sharply by 21% as the anti-corruption campaign in China will continue in
The Economist Intelligent Unit (EIU) has significantly increased its economic contraction forecast for the Macau economy this year to 24.0
The Macau economy is expected to contract by 4.0 percent in 2015 and return to positive growth in 2016 with