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International Monetary Fund. Asia and Pacific Dept

authorities welcome staff’s assessment that envisages a more stable growth path for Macao SAR as diversification progresses, with the economy forecast to grow steadily at about 4 percent over the medium term. Macao SAR endeavors to bolster featured financial services as a core component of the commercial and trade service platform between China and Portuguese-speaking countries (PSCs). Staff’s assessment concurs that the China-PSCs niche market is a natural area for expansion of the financial sector. To this end, the authorities have strived to improve the operating