Macau economy to grow by 9.7 percent in 2013: EIU

2013-3-25

From:Macau Business

A report on Macau by the Economist Intelligence Unit (EIU), of The Economist group, predicts that the Macau economy will grow by 9.7 percent this year and 13.7 percent in 2014.

According to the MacauNews website, the report also expects gross fixed capital formation to grow by 17.3 percent this year and by 12 percent in 2014.

The inflation rate is expected to fall by four basis points to 5.8 percent this year, according to the EIU’s projections, which forecasts inflation of 6.4 percent for 2014.

The EIU analysts said that consumer spending and investment would remain high, and that investment in particular would be bolstered by developments in the Cotai area, specifically construction of new hotel and gaming projects.

Copyright@Macau Business