Macau Economy To Shrink Almost 14% This Year, Economists Warn

According to the University of Macau economics professor Fung Kwan, the city’s economy will shrink by 13.6 percent in 2016.

In addition, Fung said that 2016 gross gaming revenue totals will come in 15-20 percent below 2015’s totals. Macau started off 2016 with a 21.4 percent gaming revenue decline in the month of January.

Despite the negative momentum, Macau did get some good news at the end of January. Last Friday, Li Gang, director of the Chinese government’s Liaison Office in Macau, said that China is currently discussing potential legislative measures to boost Macau’s economy.

A.B. Bernstein analyst Vitaly Umansky believes that the potential for supportive measures is one of several reasons why long-term Macau investors will eventually be…

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