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Standard Chartered lowers Vietnam 2024 growth forecast to 6.0%

by Staff GBAF Publications Ltd
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2024 04 24T033413Z 1 LYNXNPEK3N039 RTROPTP 4 VIETNAM ECONOMY GDP scaled

Standard Chartered lowers Vietnam 2024 growth forecast to 6.0%

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

“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% from 5.5% after lower-than-expected first quarter inflation.

 

(Reporting by Khanh Vu; Editing by John Mair)

 

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