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. 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

Subject:

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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