MICE sector shows signs of recovery as revenues surge

Receipts and expenditure of exhibition organizers totaled MOP38.58 million and MOP97.76 million respectively in the third quarter, representing growth of 279.0% and 155.5% year-on-year respectively.

Economy at 77% of pre-pandemic levels

The city’s economy expanded by 116.1% year-on-year in the third quarter of 2023, attributable to thriving services exports. Notably,  growth in gaming services exports and

Group expects economy to remain stable next three months

The end of the year will bring an even higher number of events, which will bring additional energy into the economy – expected to be

China shows sparks of life, despite persisting weakness in troubled real estate sector

China's economy showed more signs of reviving in October as retail sales and manufacturing picked up though the property sector remained sluggish, the government said yesterday.

Chinese imports rise in October while exports fall for sixth straight month

China's imports rose in October while exports fell for a sixth straight month compared with a year earlier in the latest evidence the world’s second largest economy

Premier Li seeks to bolster his country’s economic outlook at the Shanghai export fair

Chinese Premier Li Qiang yesterday pledged to continue deepening reforms, expand free trade zones and relax market access for foreign investment while seeking to generate excitement around

Balancing ‘visible and invisible’ hands in diversification: Lei

Secretary for Economy and Finance Lei Wai Nong said economic diversification will be orchestrated under “the leadership of the market and the guidance of the government.”

IMF: Macau has highest GDP growth rate until 2024

Macau has the highest growth rate projection for 2023 and 2024 among advanced economies listed by the IMF World Economic Outlook (WEO). The International Monetary

Group expects Q3 GDP to soar 130% y-o-y

Considering the extraordinarily weak gross domestic product (GDP) performance in the third quarter of last year, the figure for the third quarter this year may rise 130%,

Inflation data show economy in doldrums despite a slight improvement in trade

China's economy remains in the doldrums, data released Friday showed, with prices falling due to slack demand from consumers and businesses. Consumer prices remained flat

Fitch forecasts 65% GDP rebound in 2023

Fitch Ratings anticipates growth of up to 65% in Macau’s economy this year, driven by sustained recovery in the gaming and tourism sector. In its

Consumers regaining confidence as reflected by latest research

The Consumer Confidence Index for the third quarter crossed a threshold rate, signaling a regain in confidence, Macau University of Science and Technology (MUST) has announced.

Chinese officials voice faith in recovery, keep interest rates steady as forecasts darken

Leading Chinese planners voiced confidence yesterday in the outlook for the world’s second-largest economy, holding key interest rates steady amid signs of improvement in some areas such

Europe’s central bank faces close call on interest rates as threat of recession grows

Caught between stubborn inflation and  The decision comes as the ECB, U.S. Federal Reserve and other major central banks are nearing the end of their swift  ECB President Christine

GDP grows 117% in Q2

Macau's economy saw an upturn in the second quarter of the year, marking the highest quarterly growth since the second quarter of 2021. Data from

Xi calls for patience as Communist Party tries to reverse economic woes

Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said Western

No update on surging youth unemployment as economic decline deepens

China's government suspended giving an update on a possible spike in unemployment among young people as official data yesterday showed an economic decline deepened in July.

Prosperity Index to rise amid steady recovery

The Macau Economic Association expects that the local prosperity index will continue to rise steadily from July to October. This comes after Macau’s tourism

July exports tumble by double digits, adding to pressure to shore up flagging economy

China's exports plunged by 14.5% in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump.

GDP rose 39% in Q1, AMCM expects robust growth throughout 2023

Macau's Gross Domestic Product (GDP) grew by 38.8% in the first quarter of the year as the local economy picked up sharply following the relaxation of borders.

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