The ambitious target has been laid out in Macao’s latest five-year plan, but could prove challenging given gaming’s enormous contribution to the economy
Macao gross domestic product
A projection from the Macau Economic Association says indicators are slightly below expectations but stable and improving.
Covid-19 travel restrictions hit gaming industry with knock-on effect on city’s overall economy.
Latest figures show visitor numbers dropped 19.6% last month, 30.3% in annual terms, as city feels the pinch from Covid-19 and economic downturn.
Economy expected to accelerate to 23% in 2023, growth not expected to surpass pre-pandemic levels until 2025.
Overall numbers show an encouraging increase after the economic doldrums of 2020.
