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September 19, 2021

World Economic Outlook

IMF reports Macau economy to shrink 4.7% this year

IMF reports Macau economy to shrink 4.7% this year
The Macau economy is expected to contract 4.7 percent this year and return to positive growth in 2017, with an increase of 0.2 percent, according to the latest forecasts from the International Monetary Fund (IMF).
Macau | 10/10/2016

The Macau economy is expected to contract 4.7 percent this year and return to positive growth in 2017, with an increase of 0.2 percent, according to the latest forecasts from the International Monetary Fund (IMF).

T

hese new forecasts contained in the “World Economic Outlook” report, released this week in Washington are similar to those published by the Economist Intelligence Unit (EIU), which in its latest document on Macau forecasts a real drop of 5.9% this year and a rise of 5.3 percent in 2017.

In the report issued this week the IMF also said inflation at the end of the year will be 2.6 percent, rise 20 basis points to 2.8 percent in 2017 and the unemployment rate will remain fairly low, at 1.9 percent and 2 percent in 2016 and 2017, respectively. MDT/Macauhub

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