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Macau’s economic recovery has reached a significant milestone, with gross domestic product (GDP) expanding 11.5% year-on-year in real terms during the first three quarters of this year. The city’s overall economic output has now surpassed the pre-pan
Macau’s economic recovery has reached a significant milestone, with gross domestic product (GDP) expanding 11.5% year-on-year in real terms during the first three quarters of this year.
Domestic demand also demonstrated resilience, with private consumption expenditure swelling 5.8% year-on-year.
The association cited cooling demand from mainland China as a factor, with visitor arrivals now expected to reach only 85% of the record-breaking 2019 levels in the second half of the year.
