Macau’s gross domestic product (GDP) grew a mere 1.6 percent year on year in the third quarter in real terms, the Statistics and Census Bureau (DSEC) said in a statement yesterday.
It was the lowest growth rate since the third quarter of 2016.
According to the statement, the economy grew at a slower pace, mainly due to a continuous decline in construction investment and a notable slowdown in growth of exports of services.
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