Report concludes Macao needs to build a stronger economy with new growth engines through economic diversification.
International Monetary Fund
Official study suggests new system would only be feasible once the economy recovers from the effects of Covid-19 pandemic.
Angola set for another drop as IMF paints gloomy outlook for world’s economies crippled by pandemic.
Outlook much healthier for next year, with growth forecast to top 37 per cent; foreign exchange reserves steady at MOP 212 billion.
IMF predicts substantial growth this year and next, while unemployment and inflation should both remain low.
The International Monetary Fund (IMF) predicts Macau’s gross domestic product (GDP) to drop 29.6% in real terms this year.
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.
The International Monetary Fund (IMF) forecast Macau SAR’s economy to contract 7.2% for 2016 and to resume a positive growth of 0.7% for 2017 informed the Monetary Authority of Macau on Wednesday. The international organisation indicated that Macau SAR’s inflation to linger around 3.0% and its unemployment rate to stay at a low level of […]
The International Monetary Fund (IMF) in Washington says there is evidence of a “threat of a housing bubble” in Macau and “overvaluation” in the local property market, according to a statement by the Macau Monetary Authority (AMCM) citing an IMF report Macau’s financial sector regulator issued the statement on Friday. The IMF report said that Macau […]
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