Troubling signs for Macau economy

Macau is experiencing an economic slowdown, the South China Morning Post reported, quoting statistics and economists. Package-tour visitor arrivals from the Mainland fell 14.1% year-on-year in April to 189,000. The number of mainland visitors increased only 13.5% on the year to 2.48 million the lowest growth rate since the SARS outbreak in 2003. Hotel occupancy also has dropped. Macau's GDP growth has fallen to single digits in the first quarter at 8.5%.