People’s Republic of China—Macao Special Administrative Region: 2024 Article IV Consultation Discussions-Press Release; and Staff Report

May 30, 2024

Preview Citation

Format: Chicago

People’s Republic of China—Macao Special Administrative Region: 2024 Article IV Consultation Discussions-Press Release; and Staff Report, (USA: International Monetary Fund, 2024) accessed September 16, 2024

Summary

Macao SAR’s growth is expected to remain strong in the near term despite the recent slowdown. Continued recovery of the gaming sector will shape Macao SAR’s near-term outlook. A stronger slump in the Mainland’s property sector and higher-for-longer interest rates in the major economies are the main short-term risks to the outlook. The secular growth slowdown in Mainland China could weigh on Macao SAR’s medium-term growth. Moreover, medium-term growth could be adversely affected by extreme climate events. The authorities have stepped up their efforts to diversify Macao SAR’s economy, which, if successful, could mitigate some of the risks to the medium-term growth.

Subject: Central Banks, Commercial banks, Expenditure, Financial institutions, Financial sector policy and analysis, Financial sector stability, International organization, International reserves, Monetary policy

Keywords: Article IV consultation discussion, Article IV process, Asia and Pacific, Board discussion, Commercial banks, Financial sector stability, Global, Headline inflation, International reserves, Middle East, Transaction rate

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/142
Stock No:

1MACEA2024001
ISBN:

9798400276170
ISSN:

1934-7685

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