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 MAR25

Fitch Ratings Inc forecasts Macau’s gross domestic product (GDP) growth to slow to 6.9 percent this year from 8.8 percent in 2024, as the city’s gross gaming revenue (GGR) “is likely to rise more gradually to roughly 81 percent of its 2019 level, after a rebound in 2024”.

The commentary was part of a Tuesday report in which the institution affirmed Macau’s long-term issuer default rating at “AA”, with a “stable” outlook.

In its latest report on Macau, a special administrative region of China, Fitch analysts George Xu, Jeremy Zook and Jan Friederich wrote: “We expect GDP growth to be supported by continued, but slower, gaming tourism recovery, along with favourable visa policies for mainland visitors, non-gaming investments and enhanced tourism infrastructure.”

They added: “However, a sharp slowdown in the Chinese economy, such as from substantial U.S. tariff hikes, and sharp yuan depreciation pose downside risks to Macau’s prospects.”

https://www.ggrasia.com/fitch-forecasts-macaus-gdp-growth-at-6-9pct-in-2025-on-slower-gaming-tourism-recovery?utm_source=rss&utm_medium=rss&utm_campaign=fitch-forecasts-macaus-gdp-growth-at-6-9pct-in-2025-on-slower-gaming-tourism-recovery

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