Lower global demand amid deep recessions in the US, euro area and other G10 economies is likely to weigh on Vietnam’s growth in 2020, according to economists at Standard Chartered Bank. USD/VND is sitting at 23,335.50. Key quotes “Lower global demand on slower US, euro-area and China growth to weigh on externally dependent sectors. We expect growth to drop to a multi-year low of 1.7% y/y in 2020, before rebounding to 7.8% in 2021.” “We now expect a further 50bps of rate cuts in Q3, in addition to 150bps of rate cuts YTD, taking the rate to a multi-year low of 4% in 2020; we previously forecast 5%.” “We expect core inflation (excluding prices of food, energy, health care and education services) to remain subdued, rising mildly to 3% by end-2020.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Oil: Chinese demand brings hope – ANZ FX Street 2 years Lower global demand amid deep recessions in the US, euro area and other G10 economies is likely to weigh on Vietnam’s growth in 2020, according to economists at Standard Chartered Bank. USD/VND is sitting at 23,335.50. Key quotes “Lower global demand on slower US, euro-area and China growth to weigh on externally dependent sectors. We expect growth to drop to a multi-year low of 1.7% y/y in 2020, before rebounding to 7.8% in 2021.” “We now expect a further 50bps of rate cuts in Q3, in addition to 150bps of rate cuts YTD, taking the rate to a multi-year low… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
