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2014 economic outlook under discussion

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Experts sat together at a workshop in Hanoi on January 16 to review the economic performance in 2013 and forecast trends in 2014.

The event, co-organised by the Party Central Committee’s Economic Commission, National Assembly’s Economic Committee and National Economics University, also evaluated the current policies to stabilise macroeconomics, curb inflation and ensure social welfare, as well as emerging matters while implementing the 2014 socio-economic development goals.

Participants at the workshop discussed the strategic breakthroughs in the context of limited resources, put forth drastic measures to accelerate institutional building, resume growth and create a stronger momentum for infrastructure building.

Policies on training, the effective utilisation of high quality human resources, as well as those to bring into play resources for economic restructuring were also tabled.

Deputy head of the PCC Economic Department Bui Van Thach said in 2014, the global economy will be likely to witness higher growth than in 2013.

The International Monetary Fund (IMF) has forecast global GDP will reach 3.5-3.6 percent this year, higher than last year’s figure of 2.9 percent, thanks to relatively high economic growth in top economies such as China and the US and the recovery of the Eurozone nations.

Additionally, Asia-Pacific continues to be a dynamic region, while more foreign direct investment will be poured into the Southeast Asian market.-VNA

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