Macau’s gross domestic product (GDP) grows again after a 2 –year shrinkage.
GDP grew 4% year-on-year in real terms in the third quarter, announced the Statistics and Census Bureau.
The bureau attributed the return to growth to a rebound in both exports of services and investment.
External demand showed improvement, leading to a pickup in exports of gaming services and exports of other tourism services.
Macau’s sustained favorable employment situation and reduced inflationary pressure pushed private consumption expenditure.
In the first three quarters, the economy shrank 5.4% in real terms.