02042cas a2200289 a 4500 AALejournalIMF022644 230101c9999 xx r poo 0 0eng d 5.00 USD 9798400206610 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. People's Republic of China-Macao Special Administrative Region : 2022 Article IV Consultation Discussions. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (48 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Macao SAR's recovery is expected to continue in 2022, but it will take several years before the economy returns to its pre-crisis level. Although strong fiscal support and the financial strength of Macao SAR's casino groups cushioned employment and consumption, the sharp contraction in activity exposed Macao SAR's vulnerability to external forces affecting the inflow of tourists. Short-term risks to the outlook include a re-intensification of the COVID-19 pandemic and an increase in Macao SAR's financial sector stress. The heavy impact of the pandemic on Macao SAR's growth highlights the need to diversify the economy beyond the gaming industry. The high exposure to climate-related shocks poses long-term concerns. Mode of access: Internet International Agreements and Observance imf International Organizations imf Monetary Policy imf Money and Monetary Policy imf IMF Staff Country Reports; Country Report ;No. 2022/120 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=120 IMF e-Library