Country Economic Forecasts - Macau China
A solid Q4 lifted overall GDP growth to 9.1% in 2017, underpinned by strong export momentum. However, the expansion followed a cumulative shrinking of 24% in 2014-16. Domestic demand remained subdued, but should become less of a drag in 2018, as public investment increases and household spending improves. We expect GDP growth to ease to 5.2% this year, mainly because of the gradual slowdown in the Chinese economy.