Macau Chief Executive Sam Hou Fai has stated that he expects this year’s fiscal revenue to be less optimistic than previously expected and that the city’s future economic situation must be carefully assessed.
His comments were made at an event on Thursday where he pointed out that “the internal and external environment for Macau’s economic development is complex and volatile, the global economy is facing many unstable and uncertain factors and structural problems persist in Macau’s internal economy.
“The new economic cycle, consumption patterns and class changes have slowed down the recovery from the epidemic.”
