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People's Republic of China-Macao Special Administrative Region : 2016 Article IV consultation-press release ; and staff report.

Author: International Monetary Fund.
Publisher: Washington, D.C : International Monetary Fund, 2017.
Series: IMF country report, no. 17/50.
Edition/Format:   eBook : Document : English
Summary:
This 2016 Article IV Consultation highlights that the real output for Macao Special Administrative Region (SAR) is expected to contract for a third consecutive year in 2016. However, external demand has begun to recover with gaming revenues posting six consecutive months of positive annual growth. In 2017, a low base will help increase growth above 2 percent despite continued weak domestic demand. Further out, Macao  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Dept, International Monetary Fund. Asia and Pacific.
People's Republic of China-Macao Special Administrative Region.
Washington, D.C. : International Monetary Fund, ©2017
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund.
ISBN: 1475578911 9781475578911
OCLC Number: 975040276
Description: 1 online resource (54).
Series Title: IMF country report, no. 17/50.

Abstract:

This 2016 Article IV Consultation highlights that the real output for Macao Special Administrative Region (SAR) is expected to contract for a third consecutive year in 2016. However, external demand has begun to recover with gaming revenues posting six consecutive months of positive annual growth. In 2017, a low base will help increase growth above 2 percent despite continued weak domestic demand. Further out, Macao SAR is well-positioned to record sustainable growth in the mid-single digits. In addition to its still highly valuable gaming monopoly within China, Macao SAR is an established tourist destination with significant geographic proximity to Mainland China. Macao SAR is now also investing aggressively in non-gaming tourism and financial services.

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