People's Republic of China-Macao Special Administrative Region : 2016 Article IV Consultation-Press Release; and Staff Report
Author/Editor:
International Monetary Fund. Asia and Pacific Dept
Publication Date:
February 14, 2017
Electronic Access:
Free Full text (PDF file size is 1555 KB).Use the free Adobe Acrobat Reader to view this PDF file
Summary:
In recent years, the Macao SAR economy contracted by a cumulative 30 percent due to a sharp fall in spending by gaming tourists from Mainland China. Spillovers to the rest of the economy were relatively contained with unemployment staying under 2 percent and asset quality in the financial sector unaffected. Nonetheless, the size and speed of the shock underscored the need to transition to a more diversified economic model going forward. Fortunately, Macao SAR is entering this transition from a position of strength with large fiscal and external buffers.
Series:
Country Report No. 17/50
English
Publication Date:
February 14, 2017
ISBN/ISSN:
9781475578867/1934-7685
Stock No:
1MACEA2017001
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
52
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