Stunning: Macau’s Economy Slumps 17 Percent

March 16, 2015 12:15 pm

How could anything slump by so much without being in the news for the wrong reasons? We spotted this stat today:

“Macau’s economy shrank by a whopping 17.2% in the fourth quarter of 2014, according to the Chinese territory’s statistical agency.

Gross domestic product for the year was also negative, declining by 0.4% as Beijing’s anti-corruption campaign scared visitors away from the gambling mecca.”

Source

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