The International Monetary Fund (IMF) predicts Macau's gross domestic product (GDP) to drop 29.6 percent in real terms this year.
According to the Washington-based fund's World Economic Outlook April 2020, Chapter I, dated April 6, Macau's GDP is, however, forecast to rebound strongly next year with a real growth of 32.0 percent year-on-year.
Consumer price inflation is projected to amount to 2.0 percent this year and 2.3 percent next year. Unemployment is predicted to stand at 2.0 percent this year but to fall to 1.8 percent next year.
The report points out that Macau's GDP dropped 4.7 percent in real terms last year, when consumer price inflation stood at 2.8 percent and unemployment amounted to 1.7 percent.
"The COVID-19 pandemic will severely impact growth across all regions," the fund predicts in its Latest World Economic Outlook Growth Projection.
