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As for real estate investment, the report projected steady growth in 2019, as the areas of homes for sale fell drastically last year and the real estate control policies in some cities have begun to ease.

As a sign of the Mediterranean country's economic difficulty, the European Union pressured Rome earlier this week to further curtail its deficit.

As for the most likely primary cause of the next recession, 62 percent of economists said the Federal Reserve raised interest rates to cool off an overheating economy. Other reasons selected by economists surveyed were a financial crisis, the bursting of an asset bubble, a fiscal crisis or disruptions to international trade.

As a city with an area of only 30 square kilometers, Macao has to choose its pillar industries carefully, retain its attractiveness as a city, present itself to the world's tourists in its best shape.

As cross-border e-commerce embraced robust growth, China's foreign trade also beat market expectations in recent months despite the adverse impact from shrinking global demand and restrictive overseas measures to contain the pandemic.