Vietnam is feeling the coronavirus impact mostly via its supply chain, affecting manufacturing growth. Economists at Standard Chartered Bank have updated the Vietnamese economic forecast. Key quotes “We lowered our 2020 growth forecast to 6.6% from 7% previously to reflect this slowdown; Q1 growth is likely to slow to 4.5% y/y, before rebounding in H2.” “We expect the government to implement growth-supportive fiscal measures, likely towards accelerated disbursement of funds for public investment, and measures to facilitate FDI inflows including tax incentives.” “We forecast that inflation will pick up further in 2020, averaging 5.3% y/y versus 2.8% in 2019.” “We believe the State Bank of Vietnam (SBV) will remain accommodative near-term to support growth, despite higher inflation. Having eased policy pre-emptively in end2019, the SBV is likely to stay on hold through 2020. However, we see the risk of further easing if growth slows more than we expect, closer to 6%.” 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 EUR/JPY Price Analysis: Extra gains expected above the 200-day SMA FX Street 2 years Vietnam is feeling the coronavirus impact mostly via its supply chain, affecting manufacturing growth. Economists at Standard Chartered Bank have updated the Vietnamese economic forecast. Key quotes “We lowered our 2020 growth forecast to 6.6% from 7% previously to reflect this slowdown; Q1 growth is likely to slow to 4.5% y/y, before rebounding in H2.” “We expect the government to implement growth-supportive fiscal measures, likely towards accelerated disbursement of funds for public investment, and measures to facilitate FDI inflows including tax incentives.” “We forecast that inflation will pick up further in 2020, averaging 5.3% y/y versus 2.8% in 2019.” “We… 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.
