{"id":26555,"date":"2022-01-25T07:27:22","date_gmt":"2022-01-25T10:27:22","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=26555"},"modified":"2026-04-23T11:58:36","modified_gmt":"2026-04-23T14:58:36","slug":"imf-macau-gdp-wont-pass-pre-pandemic-levels-until-2025","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/imf-macau-gdp-wont-pass-pre-pandemic-levels-until-2025","title":{"rendered":"IMF: Macau GDP won&#8217;t pass pre-pandemic levels until 2025"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The International Monetary Fund has predicted Macau&#8217;s GDP will grow by 15 per cent this year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- The<strong>\u00a0International Monetary Fund (IMF)<\/strong>\u00a0forecasts that Macau\u2019s gross domestic product (GDP) is unlikely to exceed pre-pandemic levels until 2025. Following an official visit to Macau,<strong>\u00a0the IMF said it expects GDP to grow by 15 per cent this year\u00a0<\/strong>as tourism recovers and domestic demand improves.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It expects growth to accelerate in 2023 before gradually reducing to a long-term potential of around 3.5 per cent annual growth. Macau&#8217;s<strong> economy shrank by 54 per cent in 2020<\/strong>\u00a0due to a sharp drop in GDP following the Covid-19 pandemic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analysts at the IMF said an economic recovery depends on a safe reopening to tourists, with Covid-19 vaccination key to that goal. Analysts also noted Macau&#8217;s\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-economic-diversification-is-inevitable-authorities-say\">economic diversification<\/a> and praised the construction of the Cooperation Zone with Guangdong in Hengqin. The IMF said diversification will help Macau to reduce its economy\u2019s vulnerability to external shocks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Macau\u2019s January GGR will be down 77% from pre-pandemic levels \u2013 analysts<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macaus-january-ggr-will-be-down-77-from-pre-pandemic-levels-analysts\">Sanford C. Bernstein Ltd<\/a>&nbsp;has predicted that Macau\u2019s gross gaming revenue (GGR) for January will be down 77 per cent when compared to pre-pandemic levels. The average daily GGR for the third week of January was down 53 per cent&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-down-8-in-second-week-of-january\">when compared to the previous week<\/a>, falling from MOP244m (US$30.5m) to MOP114m (US$14.2m).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Month-to-date GGR is MOP4.9bn (US$612m)<\/strong>, down 74 per cent when compared to pre-pandemic levels, with average daily revenue of MOP213m. The figure is also&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-1-8-in-december\" rel=\"noreferrer noopener\">down 17 per cent from December 2021 levels<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund has predicted Macau&#8217;s GDP will grow by 15 per cent this year.<\/p>\n","protected":false},"author":176,"featured_media":26596,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The International Monetary Fund projects Macau's GDP to grow by 15% this year, though pre-pandemic levels are not expected until 2025, driven by tourism recovery and economic diversification efforts. Concurrently, Sanford C. Bernstein Ltd. reports January's Gross Gaming Revenue remains significantly below pre-pandemic benchmarks, indicating a protracted recovery for the gaming vertical.","focusai_entities":"International Monetary Fund, Sanford C. Bernstein Ltd.","focusai_location":"Macau, Guangdong, Hengqin","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GGR Recovery Timeline","query":"What specific policy interventions or market catalysts are anticipated to accelerate Macau's GGR recovery beyond the IMF's 2025 pre-pandemic level projection?"},{"label":"Diversification Impact","query":"How will Macau's economic diversification efforts, particularly the Cooperation Zone with Guangdong, mitigate future GGR volatility and enhance long-term economic resilience for gaming operators?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23911,23906],"class_list":["post-26555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-gambling-regulation","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=26555"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26555\/revisions"}],"predecessor-version":[{"id":26562,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26555\/revisions\/26562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26596"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}