UM projects 6.9m visitors in Q3

The city’s economy is set to grow by 47% this year, according to a revised forecast by the University of Macau. UM’s Centre for Macau Studies and Department of Economics have projected exports of services will surge by 101.2%; the inflation rate will be 1.2%; the overall unemployment rate will be 2.6% while the unemployment rate of residents will be 3.3%. Meanwhile, the SAR’s current revenue is expected to be MOP 76.5 billion. The research team also expects visitor arrivals will be 6.45 million in the second quarter (60% of 2019), 6.94 million in the third quarter (65% of 2019), and 6.90 million in the fourth quarter (70% of 2019).