While unemployment rate further shrank to 3.2% in the first quarter of this year from 3.5% in the last quarter of 2006, inflation was 4.57% in the first quarter after easing from 5.15% last year. In the past few years, the economic prosperity has been largely built on the thriving tourism services sector.
Specialising in a few economic activities, however, is widely believed to be risk prone and unfavorable to macroeconomic stability. Diversifying the structure of our economy is therefore closely related to the sustainability of Macao’s development, employment environment and the stability of the community.