GDP shrinks in Q1, 1st drop after 10 quarters
Macau’s gross domestic product (GDP) shrank by 3.2 percent year-on-year in real terms, ending the uptrend that lasted for 10 consecutive quarters, the Statistics and Census Bureau (DSEC) said yesterday.“Total demand weakened due to feeble growth, leading to increased downward pressure on the economy,” a DSEC statement said.External demand slowed considerably, the statement pointed out. Total exports of services dropped by 0.3 percent year-on-year, with exports of gaming services and other