OPINION - Half-way appraisal
==========
The author, José I. Duarte, provides an analysis of the current state of the Macau economy compared to five years ago. He acknowledges that the economy has changed due to the disruptions caused by Covid-19 and highlights the importance of gambling revenues and the number of visitors as critical indicators. Gambling revenues have recovered relatively fast, stabilizing at around 80% of pre-pandemic levels. The number of visitors has also reached slightly over 80% of pre-pandemic levels, with an increase in visitors from the Greater Bay Area. Visitors' expenditure per capita has increased, leading to a similar level of overall retail sales as before. The unemployment and underemployment rates for residents have returned to 2019 levels, but the participation rate of residents has decreased. The author suggests that the figures in the coming months will reveal whether the recovery is stabilizing and the economy is settling into a different growth model.
#MacauEconomy #Covid19 #GamblingRevenues #NumberOfVisitors #RetailSales #UnemploymentRates
https://www.macaubusiness.com/opinion-half-way-appraisal/
Macau Business /
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2024-08-11 13:51:14
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wss://relay.damus.ioPublished at
2024-08-11 13:51:14Event JSON
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"content": "OPINION - Half-way appraisal\n==========\n\nThe author, José I. Duarte, provides an analysis of the current state of the Macau economy compared to five years ago. He acknowledges that the economy has changed due to the disruptions caused by Covid-19 and highlights the importance of gambling revenues and the number of visitors as critical indicators. Gambling revenues have recovered relatively fast, stabilizing at around 80% of pre-pandemic levels. The number of visitors has also reached slightly over 80% of pre-pandemic levels, with an increase in visitors from the Greater Bay Area. Visitors' expenditure per capita has increased, leading to a similar level of overall retail sales as before. The unemployment and underemployment rates for residents have returned to 2019 levels, but the participation rate of residents has decreased. The author suggests that the figures in the coming months will reveal whether the recovery is stabilizing and the economy is settling into a different growth model.\n\n#MacauEconomy #Covid19 #GamblingRevenues #NumberOfVisitors #RetailSales #UnemploymentRates\n\nhttps://www.macaubusiness.com/opinion-half-way-appraisal/",
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