IMF says Macau GDP won’t surpass pre-Covid levels before 2025

Macau’s GDP will not return to pre-Covid levels until 2025, according to the International Monetary Fund (IMF). In the Staff Concluding Statement of the 2022 IMF Article IV Mission, the financial institution expects Macau’s economy to grow by 15% this year, driven by the gradual return of foreign tourists and the recovery of domestic demand. Going into 2023, the IMF anticipates an acceleration of GDP growth due to increased investme...