Economic association expects 2024 GDP to recover to 90% pre-pandemic levels

The Macau Economic Association believes the current global economic recovery is slow and there are still uncertainties in the external environment, adding that Macau’s economic development forecast next year should be cautiously optimistic. GDP forecast value in the fourth quarter of this year is approximately MOP97 billion, an increase of 85% year-on-year, and the full-year GDP forecast value is approximately MOP350 billion yuan, an increase of 80% year-on-year. The preliminary forecast range for full-year GDP for 2024 is MOP355.8 to MOP392.9 billion yuan, which is expected to recover to between 85% to 90% of 2019 levels.