EIU predicts 10.6 pct GDP growth up to 2015

2014-3-24

From：Macau Business

Macau’s gross domestic product will grow at an average annual rate of 10.6 percent this year and next, and annual inflation will be between 6 percent and 6.3 percent, the Economist Intelligence Unit predicts.

Services exports – in other words, sales to tourists – and investment in new casinos and hotels will drive the growth, the think tank says.

It says gross fixed capital formation will rise to 12.2 percent this year and slow to 5.7 percent next year as construction work in Cotai slows.

Government data show GDP grew by 11.9 percent last year.

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