HONG KONG : Macau's economy contracted by 23.4 per cent in the fourth quarter compared with the same period a year earlier, government statistics data showed on Friday.Tourist arrivals plunged 31.5 per cent year-on-year in the quarter and were down 26.0 per cent in 2022, as the city was affected by the CO
HONG KONG : Macau's economy contracted by 23.4 per cent in the fourth quarter compared with the same period a year earlier, government statistics data showed on Friday.
Tourist arrivals plunged 31.5 per cent year-on-year in the quarter and were down 26.0 per cent in 2022, as the city was affected by the COVID-19 pandemic, the government added.The economic contraction was due to weak external demand and the anti-epidemic measures, which hindered tourism and local economic activities, the data showed.
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