Moodys tipping full Macau recovery by 2024 but economic diversification some time off IAG


Source: asgam.com asgam.com

Key Topics in this News Article:

News Snapshot:

365 VIEWS Ratings Agency Moody’s Investors Service says it expects Macau to achieve full economic recovery from the COVID-19 pandemic by 2024, with tourism operators seeing a return to pre-pandemic levels as early as 2023. The estimate formed part of Moody’s latest Macau update in which it affirmed the SAR’s local and foreign currency issuer rating at Aa3 and maintained a stable outlook. Despite describing Macau’s economy as the worst-hit by the coronavirus globally, with real GDP falling more than 56% year-on-year in 2020, Moody’s also noted that it was better placed than most to survive the fallout due to...