Covid-19: Macau was one of the most affected economies in Asia - Plataforma Media

Covid-19: Macau was one of the most affected economies in Asia

The International Labor Organization estimates that Macau was the territory of the Asia-Pacific region whose economy was most affected by the crisis generated by the pandemic.

The global report of the institution belonging to the United Nations outlines a scenario of worsening asymmetries and labor discrimination, a socioeconomic symptom of covid-19.

Macau was the region that suffered most economically from the crisis generated by the pandemic, according to the latest report for the Asia-Pacific area of ​​the International Labor Organization (ILO), a United Nations agency.

The report, whose title translated into Portuguese will be something like “Social and employment perspective in Asia-Pacific”, highlights the “impressive feature” of the covid-19 crisis for not saving any country or region in economic terms.

The ILO confronts the economic growth prospects of the International Monetary Fund (IMF) for 2020 released in October 2019 and the most recent estimates. The biggest drop was recorded by Macau, with the revision pointing to a contraction of 52 percent. The Maldives are second with a 19 percent drop.

Read more in portuguese at Hoje Macau

This article is available in: Português

Related posts
MacaoSociety

Covid-19: Free and voluntary vaccination in Macau

CultureMacao

Covid-19: Officials cancel New Year's activities in Macau

EconomyMacao

LAG2021: Macau government predicts 60.9% of GDP to contract in 2020

EconomyMacao

Macau loses over 70 billion patacas in gambling tax by October

Subscribe to our Newsletter.