The International Monetary Fund (IMF) predicts Macau’s gross domestic product (GDP) to drop 29.6% in real terms this year.
IMF
The government formally withdrew its controversial bill which proposed the transfer of 60 billion patacas from the government’s financial reserves for the setting-up of the Macau Special Administrative Region Investment and Development Fund.
Macau is expected to experience moderate economic expansion in the medium term, with surpluses in budget execution and external accounts sustained by mass tourism and non-gambling tourism, coupled with the continued monopoly on gambling in China, according to forecast by the International Monetary Fund (IMF).
The International Monetary Fund (IMF) has revised its forecast on Macau’s 2017 GDP growth rate for this year to 2.8 percent from its previous forecast of 0.2 percent.
Macau’s economy has begun a process of “significant transition”, and the government has used the opportunity to adopt a less volatile economic model and more sustainable funding sources, said the International Monetary Fund (IMF), in a statement in Washington. The IMF mission that was in the territory from 3 to 4 November, which will produce […]
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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