Macao predicts powerful economic growth in 2004 - 2004-02-16
Macao's economy was poised to reach a 10 percent year-on-year rise in 2004, the Macao Monetary Authority (MMA) predicted Monday.
Big infrastructure construction plans will be another factor in the high increase in 2004, which include several large entertainment grounds invested by foreign casino operators and sports venues designated for the 2005 East Asian Games in Macao.
The economic prospects will produce many jobs so as to level the unemployment rate between 5 percent to 6 percent this year.
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