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.
More monetary easing measures forecast in 2020 Business

More monetary easing measures forecast in 2020

The State Bank of Vietnam (SBV) is expected to further take monetary easing measures to support the country’s GDP growth target of above 5 percent this year in light of a weak economic outlook, experts forecast.
Indonesia’s economic growth projected at 1 percent in Q2 ASEAN

Indonesia’s economic growth projected at 1 percent in Q2

Indonesia's economic growth in the second quarter of 2020 is expected to be much lower than that of the first quarter, only about 1 percent due to the large-scale social restrictions (PSBB) imposed nationwide, said Finance Minister Sri Mulyani at an online press conference on June 3.
Singapore to suffer economic recession in 2020 due to COVID-19 World

Singapore to suffer economic recession in 2020 due to COVID-19

The Singaporean Ministry of Trade and Industry (MTI) on March 26 admitted that the country’s economy is looking headed for its first full-year recession in about two decades as the COVID-19 pandemic is causing negative impact on the global scale.
Singapore February manufacturing shrinks World

Singapore February manufacturing shrinks

Singapore’s manufacturing shrank in February at the fastest pace in more than five years, reflecting the disruption caused by the outbreak of the acute respiratory disease caused by the SARS-CoV-2 (COVID-19).