As the economy improved and the labor market became tight, firms and people have started to recognize the supply constraint of the labor force, and measures have been taken to enhance the labor participation of women and the elderly.
Private consumption increased by 5.1 percent and the unemployment rate fell to 1.9 percent while inflation rebounded to 2.7 percent. The fiscal account continued to record surplus. The Macao SAR economy is expected to maintain its positive growth trend in 2018 and 2019. III. Reform of the IMF The IMF should continue to support an open, inclusive, rules-based multilateral trade system.