According to figures released by the Statistics and Census Service, the drop in tourism and gaming services exports impacted heavily on GDP.<\/p>\n\n\n\n\n\n\n\n
Macau.- Gross domestic product (GDP) is showing the impact of the Covid-19 crisis, falling 67.8 per cent for the second quarter. <\/p>\n\n\n\n
The figures released by the Statistics and Census Service <\/em><\/strong>on Friday revealed that exports of gaming services and other tourism services fell by 97.1 per cent and 93.9 per cent respectively, year-on-year.<\/p>\n\n\n\n The latest results take the cumulative decline in Macau GDP for the calendar year to June 30 to 58.2 percent.<\/p>\n\n\n\n Casino gross gaming revenue (GGR) fell by 95.6 per cent year-on-year in the second quarter, and 77.4 per cent year-on-year for the first half.<\/p>\n\n\n\n During the second quarter, the Macau government\u2019s final consumption expenditure rose by 14 per cent year-on-year, an acceleration from the 5-per cent growth seen in the first quarter. <\/p>\n\n\n\n The second quarter saw an increase in public spending due to the loosening of measures to contain the spread of the Covid-19.<\/p>\n\n\n\n An injection of MOP1.62 billion (US$203 million) under the consumption subsidy scheme was recorded in government final consumption expenditure for the three months to June 30.<\/p>\n","protected":false},"excerpt":{"rendered":" According to figures released by the Statistics and Census Service, the drop in tourism and gaming services exports impacted heavily on GDP.<\/p>\n","protected":false},"author":2,"featured_media":9283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Gross Domestic Product (GDP) plummeted by 67.8% in Q2, with exports of gaming services falling 97.1% year-on-year, primarily due to the Covid-19 crisis. Casino Gross Gaming Revenue (GGR) experienced a 95.6% decline in the same quarter, leading to a cumulative 58.2% GDP drop for the first half of the year. Concurrently, the Macau government increased final consumption expenditure by 14% year-on-year, injecting MOP1.62 billion (US$203 million) through a consumption subsidy scheme.","focusai_entities":"Statistics and Census Service","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Recovery Outlook?","query":"What are the projected timelines and key indicators for a material recovery in Macau's gaming services exports and GGR, considering ongoing travel restrictions and government stimulus efficacy?"},{"label":"Operator Financial Impact?","query":"How will the sustained GGR decline in Macau impact the Q3 and Q4 financial performance and liquidity positions of major concessionaires operating in the jurisdiction?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[21298,257],"class_list":["post-9281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","category-slider-home","tag-finances","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9281","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=9281"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9281\/revisions"}],"predecessor-version":[{"id":777009466,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9281\/revisions\/777009466"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9283"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}