MEA forecasts 17.5% GDP growth in first half

The Macau Economic Association (MEA) has forecast the local economy will post year-on-year growth of about 17.5% in the first semester (H1) of this year, according

Economy slowed in the last quarter as weak consumer demand dragged on growth

China’s economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter, the government reported yesterday, while emphasizing signs of improvement in factory output, income and investment.

Surveys show economy growing but at modest pace

Surveys of Chinese factory managers showed a mixed outlook for the world’s second-largest economy in June, with growth steady but not picking up much steam.

Big brands continue with a mainland-tourists-only sales orientation

The Times has learned that some local representatives of major electronics brands continue to have a mainland-tourists-only approach to sales, disregarding other markets such as

Central bank keeps lending rate unchanged as data show housing market is still struggling

China's central bank kept a key lending rate unchanged yesterday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world’s

IMF: Economic output expected to return to pre-pandemic levels in 2025

The International Monetary Fund (IMF) highlighted the strong recovery of city’s economy post-pandemic and agreed that the implementation of effective economic diversification policies would “strengthen the

IMF upgrades its forecast for Chinese economy, but says reforms are needed

The International Monetary Fund has upgraded its forecast for China’s economy, while warning that consumer-friendly reforms are needed to sustain strong, high-quality growth. The IMF’s

Education, social safety vital for Asia to grow rich, cope with aging: UN report

As economies in Asia and the Pacific slow and grow older, countries need to do more to ensure that workers get the education, training and social safety

Economy rebound surpasses expectations as GDP rises 26% in Q1

Macau's economy has shown remarkable signs of recovery in the first quarter of 2024 as the gross domestic product (GDP) surged 25.7% year-on-year in real terms,

Prosperity index forecast to remain high

The Macau Economic Association (MEA) released a report yesterday forecasting that Macau’s economic prosperity index will remain relatively high between May and July. In

Macau second among world’s wealthiest regions

Macau has maintained a prominent position on the list of the world’s wealthiest regions, appearing on the 2024 compilation of the “Richest Countries in the World

IMF affirms economy will grow 14% this year in fresh report

The International Monetary Fund (IMF) has affirmed its prediction that the local economy will grow by 13.9% this year and 9.6% next year, according to its

Economy grew 5.3% in first quarter, beating expectations

China’s economy expanded at a faster than expected pace in the first three months of the year, helped by policies aimed at stimulating growth and stronger

Economy to recover 19% year-on-year in Q1: association

The Macau Economic Association has announced its predictions for Macau’s first-quarter economic performance, indicating a promising recovery for the region. According to the association’s forecast, the

UM lowers GDP growth forecast to 16.8%

The University of Macau (UM) has revised its economic projection on the SAR, predicting a growth of 16.8% to MOP415.3 billion (equivalent to 94.5% of

Macau tops Asia’s list of fastest growing economies in 2024

Macau has topped the list of Asia’s fastest growing economies in 2024, with a booming a real GDP growth rate of 27.2% and a GDP per

February Inflation highest in 4 years, DSEC blames calendar

Last month’s inflation reached the highest point of the last four years, a statistics release from the Statistics and Census Service (DSEC) has shown. According to

Economy shows signs of improvement, but its property sector is still in the doldrums

China’s manufacturing and investment improved in the first two months of the year, while weakness in the property sector weighed on the economy, the National

Rise in Q2 Prosperity Index expected

The second quarter of the year will see a slight rise in the Prosperity Index, the Macau Economic Association has forecast. Noting the economy is

IMF projects this year’s growth at 14%

The International Monetary Fund (IMF) Mission has surveyed Macau’s macroeconomic and financial assessments, concluding that the local economy is “robust”. The preliminary conclusion from the IMF forecasts

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