Macau GDP is expected to grow by a robust 14.3% next year and 13.5% in 2014, according to a new report published by the Economist.
This represents a significant increase over the full-year estimate for 2012 by the magazine’s Economist Intelligence Unit, which is projecting the territory’s economy to expand by 9.8%, a sharp drop from last year’s 20.7% growth rate.
Macauhub, meanwhile, reports that local investment is forecast to soar by 23% next year, falling to 10.4% in 2014.
EIU estimates inflation will rise from this year’s forecasted 6.1% to 7.8% in 2013. In 2014, inflation is estimated to reach 6.9%.
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