Singapore’s GDP contracts by 7 percent in Q3 ASEAN

Singapore’s GDP contracts by 7 percent in Q3

Based on advance estimates for the third quarter of 2020, the Singapore economy expanded by 7.9 percent on a quarter-on-quarter seasonally-adjusted basis, rebounding from the 13.2 percent contraction in the preceding quarter.
GDP forecast to grow 3.8 percent this year Business

GDP forecast to grow 3.8 percent this year

Vietnam’s economic growth in 2020 will reach 3.8 percent if there is no second wave of COVID-19 in the second half of the year and economic activities are being gradually resumed. The forecast was released by the Vietnam Institute for Economic and Policy Research in Hanoi on July 21 at the launch of its independent assessment of Vietnam’s macroeconomic performance.
Vietnam’s GDP forecast to grow 3.8 percent this year Business

Vietnam’s GDP forecast to grow 3.8 percent this year

Vietnam’s economic growth rate this year would reach 3.8 percent if there is no second COVID-19 outbreak in the second half of the year and economic activities gradually resume, the Vietnam Institute for Economic and Policy Research (VERP) has predicted.
ANZ expert optimistic about Vietnamese economy outlook Business

ANZ expert optimistic about Vietnamese economy outlook

The Vietnamese government’s commitment to broad-based economic reforms bodes well for the country’s longer term prospects and look to have it on the path to upper middle-income status, held Khoon Goh, head of Asia Research at Australia and New Zealand Banking Group Limited (ANZ).
Singapore’s economic growth likely to be weaker this year World

Singapore’s economic growth likely to be weaker this year

The Singapore economy is likely to end the year weaker than earlier expected in the context that the ongoing tension between the US and China has stalled three of the world’s growth engines — trade, manufacturing and investments, warned Monetary Authority of Singapore (MAS) Managing Director Ravi Menon on June 27.
How will USD exchange rate move in 2019? Business

How will USD exchange rate move in 2019?

Experts have predicted that the State Bank of Vietnam (SBV) will hike the VND/USD exchange rate by 1.5-2 percent in 2019 to stabilise the macro-economy and facilitate exports.
Vietnam among 10 fastest-growing economies Business

Vietnam among 10 fastest-growing economies

While growth is set to ease in 2019, Vietnam will still be among the top 10 fastest-growing economies globally, according to the “Economic Insight: South-East Asia” report recently released by the Institute of Chartered Accountants in England and Wales (ICAEW).
Fitch lowers Malaysian growth forecast to 4.6 percent World

Fitch lowers Malaysian growth forecast to 4.6 percent

Fitch Solutions Macro Research, a rating agency of Fitch Group, has cut its growth forecast for Malaysia for 2018 to 4.6 percent compared with its previous forecast of 5.1 percent, following a weaker-than-expected performance in the third quarter of the year, according to The Star.