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​Standard Chartered lowers Vietnam 2024 growth forecast to 6 percent

Apr 25th at 08:02
25-04-2024 08:02:19+07:00

​Standard Chartered lowers Vietnam 2024 growth forecast to 6 percent

Standard Chartered has cut its forecast for Vietnam's economic growth this year to 6.0 percent from 6.7 percent, the bank said on Wednesday, citing lower-than-expected growth in the first quarter and global trade headwinds.

​Standard Chartered lowers Vietnam 2024 growth forecast to 6 percent

A file photo of laborers working at the construction site of a sky train station in Hanoi, Vietnam, September 30, 2016. Photo: Reuters

"Trade, a key source of growth and investment for Vietnam, also faces short and long-term challenges," the bank said in a statement.

It also cut its inflation forecast for the year to 4.3 percent from 5.5 percent after lower-than-expected first quarter inflation.

Tuoi Tre News

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