Asia

Macau Enters into Technical Recession in Q2 2019

Published

6 years ago

August 28, 2019

Niji Narayan

Macau Enters into Technical Recession in Q2 2019

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Gaming services exports in Macau has fallen 0.8% and resulted in a technical recession in Q2 2019.

Macau’s GDP fell by 1.8% in the three months through to the end of June to mark the second consecutive quarter of contraction following a 3.2% decline in Q1 2019.

A 30% fall in construction investment year-on-year and a 24.4% fall in the value of exports, as well as a 6.1% fall in domestic demand also contributed towards the latest figures.

However, the 0.8% drop in gaming services exports was higher than the 0.6% fall registered in the first quarter.

According to figures released in July by Macau’s Gaming Inspection and Coordination Bureau, the gross revenue from different gaming activities fell from MOP76.37bn to MOP73.56bn quarter-on-quarter in the three months until the end of June.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.