IMF Staff Country Reports

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

Publication Date:

May 30, 2024

Electronic Access:

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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.

Series:

Country Report No. 2024/142

Subject:

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

Frequency:

regular