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Economy

IMF Upgrades Economic Prospects

The International Monetary Fund has forecast that Macau’s Gross Domestic Product will contract by 4.7 per cent year-on-year for 2016 but rebound to 0.2 per cent growth in 2017.

City’s fiscal surplus plunges 38.4 pct as at end-August

The city’s fiscal surplus plunged 38.4 per cent year-on-year to MOP17.9 billion (US$2.2 billion) between January and August due to falling government revenues for the period, the latest update on the

Inflation Hits 6-year Low

Inflation hit a new low of 1.65 per cent year-on-year in the month of August – the lowest since January 2010, according to the latest data from the Statistics and Census Service (DSEC).

Fake banknotes found in casinos

The Judiciary Police (PJ) received reports from six local casinos last week warning that they had detected 20 counterfeit HK$1,000 (MOP1,030/ US$129) banknotes on their premises, according to a report

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