OUB maintains Vietnam’s GDP growth forecast at 6.5 percent Business

OUB maintains Vietnam’s GDP growth forecast at 6.5 percent

The Singapore-based United Overseas Bank has maintained its forecast for Vietnam’s GDP growth at 6.5 percent and core inflation rate at 3.7 percent of core inflation rate in 2022, but predicted that inflation may reach 5 percent in 2023 due to multiple risks and challenges.
UOB maintains Vietnam’s GDP growth forecast at 6.5 percent Business

UOB maintains Vietnam’s GDP growth forecast at 6.5 percent

The Singapore-based United Overseas Bank (UOB) has maintained its forecast for Vietnam’s GDP growth at 6.5 percent and core inflation rate at 3.7 percent of core inflation rate in 2022, but predicted that inflation may reach 5 percent in 2023 due to multiple risks and challenges.
Thailand: JSCCIB lifts GDP growth forecast to 0.5 – 1.5 percent in 2021 World

Thailand: JSCCIB lifts GDP growth forecast to 0.5 – 1.5 percent in 2021

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) of Thailand has raised its GDP growth forecast to 0.5 – 1.5 percent in 2021 from the previous projection of 0 – 1 percent as the country expects better business prospects stemming from the reopening and stimulus measures.
COVID-19 darkens Malaysia’s 2021 economic outlook World

COVID-19 darkens Malaysia’s 2021 economic outlook

Malaysia’s central bank (BNM) has revised down the country’s 2021 GDP growth forecast to between 3 – 4 percent from the previous 6 – 7.5 percent as the prolonged COVID-19 nationwide lockdown continues to weigh heavily on the economy.
JSCCIB cuts Thailand’s GDP growth forecast World

JSCCIB cuts Thailand’s GDP growth forecast

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has reduced its GDP growth forecast for Thailand to 0.5-2 percent from 1.5-3 percent due to the severe impact of the third COVID-19 outbreak despite bright export prospects this year.
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.
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.
Thailand’s economy sees slow growth in Q2 World

Thailand’s economy sees slow growth in Q2

Thailand’s economy in April-June grew at a slower pace than in the previous quarter, but the National Economic and Social Development Board (NESDB) kept its yearly GDP growth forecast of the country at 4.2-4.7 percent.