Forget Greece, Macau Is World’s Worst Performing Economy
Reliance of city on its lucrative but volatile casinos has left the economy vulnerable
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If you think Greece or Ukraine’s economies are in bad shape, the Chinese gambling city of Macau is doing worse than those European countries ever did.
The tiny gambling enclave in China's south saw its GDP last quarter shrink by about 25 percent -- a feat it took Greece six years to achieve.