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Macau economy to grow 18 percent in 2012

Macau is expected to register an economic growth of around 18 percent this year.

This figure is slightly down from 20.7 percent registered in 2011.

According to forecasts by the University of Macau, reported by local media, the slowdown is due to the gloomy economic situation in the US and European markets, as well as mainland China’s smaller target growth of 7.5 percent for this year.

Private investment will however remain healthy, the University of Macau’s experts say.

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