Macau’s GDP could shrink by 14.7%

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Macao University’s Department of Economics released a report on macroeconomic forecast data on Monday, April 27, 2015. According to the report, if gaming sales continue to decline for the rest of 2015, Macao’s GDP could decline by as much as 14.7%. This could plunge Macao into its biggest recession since 1982.

“We expect GDP to decline by 14.7% if total gaming revenue continues at 60 billion MOPs per quarter,” the economists said in a statement. Data and forecasts will change when new data for future quarters are added. While these fluctuations are considered short-term, GDP could fall between 20.4% and 9.4%.

Macau’s new casino, set to open later in 2015, could offer a more optimistic outlook. But economists are currently based on figures based on economic data and are willing to adjust them as the year continues. 안전한 카지노사이트