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 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.
The World Bank has warned that the Indonesian economy might contract 2 percent this year if mobility restrictions are further implemented to contain the spread of COVID-19, local media reported.
The Philippine economy is projected to contract 1.9 percent this year due to the economic fallout triggered by natural disasters and COVID-19, the World Bank said in an updated report released on June 9.
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 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 slashed its 2020 gross domestic product forecast for the third time, the Ministry of Trade and Industry said on May 26, as the economy prepares for its deepest ever recession.
Credit growth would likely reach only 9-10 percent this year against 13 percent last year even if the country’s infrastructure investment was good, experts forecast.
The International Monetary Fund (IMF) has slashed its growth outlook for the Philippines for 2020 from 6.3 percent to 0.6 percent due to the impact of the coronavirus disease 2019 (COVID-19).
Indonesia’s economy is predicted to grow by only 2.5 percent this year, the lowest over the last four years and a 50-percent decline compared to 2019's growth rate.
Singapore’s Purchasing Managers' Index (PMI) declined 3.3 points to 45.4 in March, the lowest level since 2009, said the Singapore Institute of Purchasing and Materials Management (SIPMM).
The World Bank (WB) has revised down economic growth forecasts for the Philippines and Malaysia due to the adverse impacts of COVID-19 and strict community quarantine.
Technological advances, preferential credit policies and pricing incentives have set the stage for solar rooftop energy to become the next big thing in clean energy in Vietnam, according to industry insiders.
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.
Fitch Solutions has revised down Indonesia’s economic growth forecast in 2020 as the COVID-19 pandemic places a heavy burden on its state budget and current account and limits Bank Indonesia’s monetary space to support the weakening rupiah.
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).
Fitch Solutions has revised down its 2020 real GDP growth forecast for Vietnam to 6.3 percent, from 6.8 percent previously, in light of the worsening global COVID-19 outbreak.
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