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The Statistics and Census Service (DSEC) has reported that Macau’s GDP dropped by 63.8 percent year-on-year in the third quarter of 2020, a substantial hit, but still somewhat better than the 68 percent year-on-year decline suffered in the second quarter.
The Asian Development Bank expects the economies of the Asia region to shrink this year for the first time since the 1960s.
Macau’s economy is likely to shrink this year and remain in negative territory until 2022, according to the International Monetary Fund.
Macau gross domestic product (GDP) grew by 7.6 percent year-on-year in the first half of 2018, driven by increased exports of gaming and tourism...
Macau’s gross domestic product (GDP) slumped 7.1 percent for the second quarter of the year, according to the latest data released by the Statistics...