Ratings agency Fitch is expecting China’s economy to grow by 5.2 percent this year, ‘broadly in line’ with the government’s forecast for around 5 percent.

Fitch Ratings has lowered China GDP for fiscal 2022 by 0.9 point percent at 2.8 percent based on the impact of COVID19 lockdowns, dampening consumer confidence, and other economic data.

Macau's gross domestic product (GDP) grew by 15.7 percent year-on-year in real terms during the first half of 2024, reaching $25.4 billion.

Thailand's proposed taxation rate of 17 percent is highly competitive, compared to other nearby gaming regions, and that casino entertainment complexes could contribute up to 1 percent of GDP, or roughly $5 billion annually.

A study by the ASEAN+3 Macroeconomic Research Office (AMRO) has found that intraregional tourism within ASEAN+3 countries was ‘particularly strong’, except for China, where the recovery of outbound tourism has significantly lagged.

Macau’s GDP experienced a remarkable 80.5 percent year-on-year rebound last year, propelled by the flourishing tourism and gaming sectors.

With global tourism approaching full recovery, the Chinese online travel agency (OTA) giant Trip.com Group has reported a strong booking interest in Asia.

Macau's GDP should grow by almost 75 percent in 2023, the International Monetary Fund estimated, one of the highest increases reported globally.

The diversification party continues in Macau, with the SAR government now aiming to reduce the share of gaming in the city to about 40 percent of GDP by 2028.

Rating agency Fitch is expecting China's economy to grow 5.6 percent this year, remaining above the 2023 government target of 5 percent. However, the agency notes, "recent data point to a swiftly fading rebound in China from the reopening at the end of 2022".