The University of Macau (UM) forecast yesterday that Macau’s economy will shrink 3.7 percent this year.
The forecast was jointly announced by the public university’s Department of Economics and UM Centre for Macau Studies (CMS) during a press conference on the university’s Hengqin campus.
Yesterday’s press conference was co-hosted by Kwan Fung, assistant professor of the Department of Economics, Agnes Lam Iok Fong, director of the Centre for Macau Studies, and Chan Chi Shing, post-doctoral research fellow of the Centre for Macau Studies.
University of Macau (UM) Centre for Macau Studies (CMS) Post-doctoral Research Fellow Chan Chi Shing (left) speaks during yesterday’s press conference on the university’s Hengqin campus about the team’s 2020 forecast for Macau’s economic growth, as CMS Director Agnes Lam Iok Fong (right) and Department of Economics Assistant Professor Kwan Fung look on. Photo: UM
