Secretary for Economy and Finance Lionel Leong Vai Tac revealed yesterday that Macau’s economy in the first quarter experienced negative growth year-on-year, primarily due to the high base of comparison in the same quarter of last year.
However, the policy secretary also said that the ongoing China-US trade row has not had a noticeable impact on Macau’s economy.
Leong made the remarks while speaking to reporters at the Bank of China (BOC) Building in Nam Van on the sidelines of the signing ceremony of a financial cooperation agreement between commercial banks in Macau and those in Portuguese-speaking countries (PSCs).
Secretary for Economy and Finance Lionel Leong Vai Tac speaks to reporters at the Bank of China (BOC) Building in Nam Van yesterday. Photo: GCS
