The relaxation of pandemic border controls and the resumption of tourism lie behind the strong performance, the Statistics and Census Service says.
Macau’s Gross Domestic Product
The International Monetary Fund (IMF) has revised its forecast for Macau’s economic growth downwards to 6.3%, according to the Fall World Economic Outlook, published recently.
Due to the continued decline in exports of services, Macau’s Gross Domestic Product (GDP) shrank by 20.3 per cent in real terms last year, with a 22.8 per cent contraction in the first half, and a smaller slump of 17.7 per cent in the second half, the Statistics and Census Service (DSEC) showed on Thursday. […]