The International Monetary Fund (IMF) expects Macau’s economy to grow by as much as 58.9% in 2023. For 2024, the GDP growth forecast is still a double-digit 20% and for 2025, a single-digit 8.5%.
The IMF economic forecast also shows that unemployment will drop to 2.5%, while prices will grow no more than 2.5%
Under strict COVID prevention restrictions, the local economy contracted for three consecutive years. In 2022, Macau registered a decline of 26.8%.