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Surge in Macau’s Hotel Sector Q1
In the first quarter of 2024, Macau’s hotels saw over 3.7 million guests, a 39.7% year-over-year increase and an 8.4% rise from the first quarter of 2019. The region now boasts 141 hotel establishments, an increase of 15 from last year, offering approximately 47,000 rooms. This information was reported by Macau’s Statistics and Census Service […]
Gaza’s Economy Faces Long Road to Recovery, UN Reports
The United Nations Conference on Trade and Development (UNCTAD) reports a daunting recovery journey for the Gaza Strip’s economy. If the conflict between Israel and Hamas ended today, decades and billions of dollars would be needed for Gaza’s economic revival. In 2023 alone, the region’s GDP per capita fell by 26.1%. This stark decline was […]
Why Brazil’s Selic Might Not Go Far Below 10% Despite Hopes to The Contrary
(Analysis) Amid global and local fiscal pressures, Brazil may end its monetary easing, with the Selic rate potentially stabilizing at 10%. These expectations stem from delayed rate cuts by the U.S. Federal Reserve and increased fiscal strain within Brazil due to changes in primary fiscal targets. Key financial players like Citi, XP Investimentos, and JPMorgan […]