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Country Economic Forecasts > Macau China

  • March 2017
  • -
  • Oxford Economics
  • -
  • 5 pages

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Real GDP rebounded by 5.7% y/y in H2 2016, ending two years of sharp economic contraction. GDP was boosted by services exports, underpinned by a recovery in the gaming and tourism industries. Domestic demand remained subdued, but should improve in the coming quarters - helped by a stable labour market, ongoing infrastructure development and new casino openings. We expect GDP growth to pick up to 4% this year and average around 3% in the medium term, after shrinking by a cumulative 24% in 2014-16.

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