SINGAPORE (Oct 22): In the International Monetary Fund’s October World Economic Outlook report, global growth was revised downwards by 0.2 percentage points for 2018 and 2019, to 3.7% for both years, compared with its forecast in April. One of the most dramatic revisions is for the Macao (Macau) Special Economic Region (SAR). Macau’s GDP growth was revised to 6.3% for 2018 and 2019, down from 7% in April. At any rate, the IMF expects Macau to overtake Qatar as the world’s richest country by per capita GDP by 2020 when its GDP per capita reaches US$143,116 ($197,078).

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