The International Monetary Fund (IMF) has revised its forecast on Macau’s 2017 GDP growth rate for this year to 2.8 percent. The previous forecast was 0.2 percent.
“Macau is well-positioned to achieve relatively stable growth of low to mid-single digits in the medium term,” IMF said.
IMF also praised Macau’s “strong” financial system, and “remarkable” macroeconomic resilience.
“With [mainland] China now accounting for 2/3 of [Macau’s] tourists and balance of payments pressures raising the potential for depreciation, external competitiveness may be more of an issue” the IMF said after a 12 day visit to Macau.