After years of effort and hard work, Macao’s financial industry has transformed itself into one with integrated services and management capabilities. Especially since the return to the Motherland, the local financial industry has experienced robust development along with strong gains in the domestic economy; the active promotion of appropriate economic diversification and regional cooperation by the Macao Government.
Natural gas prices have also been affected very much by the invasion of Russia in Ukraine and are likely to increase even more in the future. This is why the above-mentioned supply-side shocks have been interrelated. It is not a coincidence that the oil price shock has occurred at precisely the same time as the COVID shock.