Secretary for Economy and Finance Lionel Leong Vai Tac says the government is confident that Macau’s economy will record “modest” growth this year.
Leong made the remarks on Friday at the headquarters of the local branch of Bank of China (BOC) on the sidelines of a Chinese New Year reception hosted by the Macau Association of Banks (ABM), saying that while Macau’s economy in the first half of last year continued the downward trend seen in 2015, the second half of 2016 recorded a “relatively stable” performance, which narrowed last year’s overall year-on-year decline.
The Statistics and Census Bureau (DSEC) is scheduled to release gross domestic product (GDP) figures for the fourth quarter and the whole of last year on March 3, according to its website.
Secretary for Economy and Finance Lionel Leong Vai Tac speaks to reporters on Friday on the sideline of a Chinese New Year reception hosted by the Macau Association of Banks (ABM) at the headquarters of the local branch of Bank of China (BOC). Photo: Debby Seng
