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Economic Indicators

Macau’s Q2 GDP shrinks 39.3% y/y amid COVID-19 pandemic

08/26/2022

Less than a minute

2022.08.26 14:34

Macau's Q2 GDP shrinks 39.3% y/y amid COVID-19 pandemic
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.

Source

08/26/2022

Less than a minute