Macau’s Q2 GDP shrinks 39.3% y/y amid COVID-19 pandemic

Macau's Q2 GDP shrinks 39.3% y/y amid COVID-19 pandemic
FILE PHOTO: Women and their children walk past the MGM Grand Macau resort in Macau

HONG KONG (Reuters) – Macau’s economy contracted by 39.3% in the second quarter from the same period a year earlier, statistics data showed on Friday.

Tourist arrivals fell 27.5% on year in the quarter as the city was impacted by COVID-19 pandemic.

(Reporting by Twinnie Siu and Meg Shen; Editing by Raissa Kasolowsky)

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