COVID-19 pandemic cuts Macau's GDP by 48.7 pct in Q1
Due to the COVID-19 pandemic, Macau's gross domestic product (GDP) dropped 48.7 percent year-on-year in real terms in the first quarter of the year, the Statistics and Census Bureau (DSEC) announced today. A DSEC statement noted that the novel coronavirus pandemic "has significantly dampened global economic activity", adding that Macau's economy, which mainly consists of exports of services, has been "severely hit" by COVID-19, "with a substantial decline in total