An IMF expert considers Vietnam a bright spot in the world economy

Vietnam’s 8% growth in 2022 was a bright spot for the region and the world, he said. daniel leighhead of the World Economic Studies division of the International Monetary Fund (IMF) Research Department, which produces the World Economic Outlook (WEO).

In an interview with the Vietnam News Agency during the week of the IMF/WB Spring Meetings in Washington DC, Leigh said that the IMF has just revised its growth forecast for Vietnam upwards, adding that this is due to in part to the rebound in COVID-19 and trade diversion. Part of the investment is moving to Vietnam, which is a boost for the country, the expert said.

Although the IMF expected a slowdown in Vietnam’s growth, the forecast rate remains high at 5.8% in 2023 and 6.9% in 2024, he said.

He also noted that inflation in Vietnam is relatively low, above 3% in 2022. It is rising – partly due to the dynamism of the economy – and is expected to return to the global inflation target of around 4.3% in 2024.

For Vietnam to continue to grow strongly in the remaining quarters of this year and for the next five years, Leigh recommended that the country’s monetary policy continue to focus on reducing inflation as it occurs, and that fiscal policy continue to provide support. specific to vulnerable households.

Although the IMF expected a slowdown in Vietnam’s growth, the forecast rate remains high at 5.8% in 2023 and 6.9% in 2024, he said.

On financial stability, priority should be given to helping stabilize the real estate and corporate bond markets with targeted tools, but this should not distract from the general move towards inflation stability, he suggested.

Article republished from the Vietnamese state media VNA in the framework of an agreement between both parties to share content. Link to the original article: https://en.vietnamplus.vn/first-electric-taxi-service-launched-in-hanoi/251560.vnp

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