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Tuesday, May 30, 2017

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LATEST POSTS

Moving on up

The 10.3 pct y-on-y increase in GDP recorded during the first quarter is mostly attributable to a lower base of comparison, says one local economist. Improving export services contributed to the growth, with exports of gaming and tourism services up 11 pct and 21 pct, while goods exports also rose by 10 pct y-o-y. Construction and equipment capital was heavily weighted to the private sector, at US$1.6 bln in construction and MOP1.7 bln in facilities, while the gov’t only invested MOP1.25 bln in construction and MOP40 mln in equipment in the same period.

Very soft opening

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