The MSAR economy in 2016 saw its lowest inflation rate since 2009. Increases in the consumer price index were driven by price hikes in alcoholic beverages, tobacco, education and transportation. Predictions by the University of Macau see 3.2 pct growth in GDP for 2017, set to hit MOP342.3 bln, although fluctuations could occur based on gaming revenues being ‘highly influenced’ by gov’t policy.
A labour rights workshop held at the Faculty of Sciences at the University of Macau relayed the message that freedom of labour association might prove a difficult task in the territory. Experts signalled that differences between mainland and local legislation could be an insuperable hurdle.