Economic Indicators
Macau’s Q2 GDP shrinks 39.3% y/y amid COVID-19 pandemic
2022.08.26 14:34
FILE PHOTO: Women and their children walk past the MGM Grand Macau resort in Macau, China December 19, 2019, on the eve of the 20th anniversary of the former Portuguese colony’s return to China. REUTERS/Jason Lee
HONG KONG (Reuters) – Macau’s economy contracted by 39.3% in the second quarter from the same period a year earlier, statistics data showed on Friday.
Tourist arrivals fell 27.5% on year in the quarter as the city was impacted by COVID-19 pandemic.
