The Government of Macau expects the economy of the territory to fall by 60.9% in 2020, due to the impact of the pandemic, according to the document of the Governmental Lines of Action (LAG) for 2021, presented today by the leader of the executive.
“A real contraction of 60.9% of GDP is expected in 2020”, reads the document LAG for 2021, presented today at the Legislative Assembly (LA) by the chief executive of Macau, Ho Iat Seng.
The figures released are higher than those presented about a month ago by the International Monetary Fund (IMF). According to the IMF, Macau’s economy is expected to decline 52.3% this year.
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