Macau’s economy is likely to rebound in November and December due to the opening of large-scale events and stable pandemic situation, according to the Macau Economic Prosperity Index Report published by the Macau Economic Association.
The report says that large-scale events in November and December – including tyhe 68th Macau Grand Prix, 21st Macau Food Festival, Tour Macau FUN Fair, 2021 Macau Light Festival, Light Up Macau Drone Gala – will bring some “hope” to the local economy.
Due to the continuing stabilized pandemic situation and increasing rate of vaccination, the number of tourists is expected to gradually increase, helping to restore the vitality of Macau’s economy.
The research group says that the recent outbreak of COVID-19 in mainland China will not have a significant impact on Macau since the official figure shows that most of the tourists are from Guangdong Province, especially the nine cities in the Greater Bay Area.
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