The International Monetary Fund (IMF) has revised its forecast about Macau’s 2017 GDP growth rate for this year to 2.8 percent from its previous forecast of 0.2 percent, after concluding the 2016 Article IV Consultation with the Macau Special Administrative Region (MSAR), the Macau Monetary Authority (AMCM) said in a statement yesterday.
The financial regulator said in the statement that the fund based in Washington, DC, commended Macau’s “strong” financial system, and “remarkable” macroeconomic resilience.
The statement quoted the IMF as saying that Macau “is entering a transition to a more diversified economic model from a position of strength with large fiscal and external buffers.
