VOV.VN - Standard Chartered has predicted that Vietnam's GDP growth will reach 5.1% in Q3, up from 4.1% recorded in the previous quarter.
The bank also maintained its 2023 GDP growth projection at 5.4%, lower than the country’s growth target of 6.5%.
According to details given by Standard Chartered, growth in retail sales in September is expected to stand at 8.2%. Meanwhile, exports are predicted to drop by 6.2% and imports 7%.
Industrial production growth will increase by 3.2%, while the inflation rate may stand at 3.2% this month compared to 3% recorded last month.
This comes after Standard Chartered Bank said in its recent macro-economic update that the Vietnamese economy will recover in the second half of the year, with its growth forecast to pick up to 7% on-year from the 3.7% seen in the first half.
Trade data has improved consistently every month since the beginning of the year, thereby highlighting the clearer recovery ahead in the second half of the year.
Standard Chartered Bank forecasts Vietnam’s second quarter GDP growth to have slowed to 1.5% year-on-year (from 3.3% in the first quarter), posing downside risks to its 6.5% growth forecast for 2023. However, a rebound is expected in the second half of the year.
Standard Chartered Bank has lowered Vietnam’s 2023 GDP growth forecast to 6.5% from the previous 7.2% in its recent macro-economic updates about the country.
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