HÀ NỘI — The Asian Development Bank (ADB) has forecast Việt Nam's Gross Domestic Product (GDP) growth at 6 per cent for 2024, according to the Asian Development Outlook (ADO). The bank also lowered its growth forecast for Việt Nam this year to 5.2 per cent from the previous 5.8 per cent forecast. In line with this, the country’s inflation is projected to remain at 3.8 per cent for this year before rising to 4 per cent in 2024. Meanwhile, the ADB raised its economic forecast for developing economies in Asia and the Pacific, following robust domestic demand which has been driven by higher-than-expected growth in China and India. According to figures given by economists, the growth outlook for Southeast Asia this year was lowered to 4.3 per cent from 4.6 per cent amid weak demand for manufacturing exports.

Source: Viet Nam News December 15, 2023 07:02 UTC