Singapore and other Southeast Asian Nations (ASEAN) economies are seeing downgrades to their 2023 growth outlooks because slowing global growth will outweigh the positive impact from China's economic reopening, International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas said on January 31.
The Singapore-based United Overseas Bank (UOB) has kept its forecast for Vietnam's GDP growth in 2023 unchanged at 6.6% in line with the official forecast of 6.5%, although growth momentum is likely to be weaker.
The Singapore-based United Overseas Bank (UOB) has kept its forecast for Vietnam's GDP growth in 2023 unchanged at 6.6% in line with the official forecast of 6.5%, although growth momentum is likely to be weaker.
The Asian Development Bank (ADB) said while Vietnam’s economy is performing well amid uncertainties in the global economy, risks to the economic outlook have become elevated.
Private-sector economists have lowered their growth forecast for Singapore next year to 1.8%, according to the latest survey of professional forecasters released by the Money Authority of Singapore (MAS) on December 14.
The Asian Development Bank (ADB) has revised up its economic growth forecast for Vietnam to 7.5% this year, from 6.5% as projected in September, given regional and global gloom.
The macroeconomic outlook of Vietnam is bright as the country has witnessed strong domestic consumption, received more foreign direct investments (FDI) and maintained a surplus in trade balance with other countries, with a real GDP growth forecast to exceed 8% in 2022, according to a US newspaper.
Driven by pent-up demand from consumers, the Philippine economy is forecast to grow 7.2% in 2022 before tapering off to an average of 5.7% in 2023, according to a report released by the World Bank on December 6.
Standard Chartered Bank has raised its Vietnam GDP growth forecast for 2022 to 7.5% from the previous 6.7% and for 2023 to 7.2% from 7.0% to reflect robust Q3 growth of 13.7% year-on-year. The last quarter 2022 growth is anticipated at 4.0%.
The International Monetary Fund (IMF) has raised Malaysia’s economic growth forecast for the year from 5.1% to 5.4% in its latest World Economic Outlook report.
Given Vietnam’s strong economic recovery in the third quarter, the Singapore-based United Overseas Bank (UOB) has raised its forecast for the country’s GDP growth this year to 8.2%, from the previous prediction of 7%.
The Asian Development Bank (ADB) has maintained its favorable economic outlook for Vietnam as it forecasts the country's gross domestic product to expand 6.5% in 2022 and 6.7% in 2023, based on the update of its flagship economic report released on September 21.
The Asian Development Bank (ADB) has maintained its favourable economic outlook for Vietnam as it forecasts the country's gross domestic product to expand 6.5% in 2022 and 6.7% in 2023, based on the update of its flagship economic report released on September 21.
Vietnam’s GDP growth is forecast to expand 7.5% this year and 6.7% next year, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery.
Vietnam’s GDP growth is forecast to expand 7.5% in 2022 and 6.7% in 2023, with resilient manufacturing and a robust rebound in the service industry as the driving forces for economic recovery.
Vietnam’s GDP growth is forecast to expand 7.5% in 2022 and 6.7% in 2023, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery.
The Asian Development Bank (ADB) said the Philippine economy is forecast to grow faster than initially expected in 2022, following the relaxation of COVID-19 mobility restrictions, the expansion of the COVID-19 vaccination programme, and a rebound in investment and household consumption.
The Asian Development Bank (ADB) has raised its growth forecast for Indonesia to 5.2% this year due to healthy domestic demand and steady export growth.
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