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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 the 2019 levels) for this year. Based on the latest economic data in 2024, the research team anticip
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The revised baseline forecasts for other major economic variables include the growth of exports of services, which is projected to be 23.4%; as well as the overall unemployment rate, which is expected to be 2.2%.
Late last year, UM said Macau’s economy is forecasted to experience significant growth of up to 21.0% in 2024, driven by diversification efforts.
