| Status | 已發表Published |
| 2011-2012 Economic Analysis and Forecast for Macao | |
Mirrlees, J. A.; Kwan, F. ; Ho, W. H.; Liu, C. W.; Chan, C. S.
| |
| 2012 | |
| Abstract | The remarkable Macao’s GDP growth in 2010 continued to the third quarter of 2011. However, Macao is facing great uncertainty in 2012. According to the IMF forecasts on September 2011, global growth will moderate to about 4% through 2012, from over 5% in 2010. U.S. GDP will be expected to expand 1.9% and the Euro Area is likely to expand 1.8%. For Mainland China, the GDP growth rate slowed down to 9.1% in the third quarter of 2011 compared double-digit growth in 2010 amid the Central Government tries to control the inflation and global economy slows down. This will affect Hong Kong, another major market of Macao’s service exports, to have a more measurable growth in 2012. Under this circumstance, Macao’s GDP is expected to grow by 18.8%, with ranged from a pessimistic 8.6% to an optimistic 28.9% in 2012, according to the Macroeconometric Structural Model of Macao. |
| Keyword | Macroeconomic Forecast Macao GDP growth |
| Language | 英語English |
| The Source to Article | PB_Publication |
| PUB ID | 9260 |
| Document Type | Report |
| Collection | DEPARTMENT OF ECONOMICS |
| Recommended Citation GB/T 7714 | Mirrlees, J. A.,Kwan, F.,Ho, W. H.,et al. 2011-2012 Economic Analysis and Forecast for Macao, 2012. |
| Files in This Item: | There are no files associated with this item. | |||||
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