Macau’s gross domestic product (GDP) grew 9.1 percent in real terms year on year in 2017, after three consecutive years of negative growth, the Statistics and Census Bureau (DSEC) announced yesterday.
According to a DSEC statement, the economy rose 11.1 percent in the first half of last year, followed by a 7.2 percent rise in the second half. GDP grew 8.0 percent in the fourth quarter.
“Although the whole economy resumed positive growth, domestic demand remained weak and retreated by 2.7 percent in 2017,” the statement noted, adding that gross fixed capital formation dropped 10 percent.
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