Stable economic growth

ADB is one of the organisations that lowered Indonesia's growth forecast for this year due to the COVID-19 pandemic. Earlier, the World Bank said that the country’s economy will be at only 2.1 percent in 2020 if the pandemic is put under control in June. Meanwhile, the Indonesian government recently forecast that its yearly economic growth is likely to sit at only 2.3 percent./. … [Read more...] about ADB projects Indonesia’s economic growth at 2.5 percent

Meanwhile, as per the International Monetary Fund as of March 3 for Vietnam under COVID-19, the country may grow 5.8 per cent this year if the pandemic reaches its peak in late April. A second scenario posits that the economy may increase by 4.8 per cent if the situation lasts longer, with grave impacts on global demand if the pandemic expands on a larger scale within the country. … [Read more...] about Sustained growth can be achieved through reforms

This negative outlook is also being mirrored in other sectors, with the Vietnam Timber and Forestry Product Association stating that all five key importers of Vietnamese woodwork products, including the United States, the European Union, Japan, China and the Republic of Korea have chosen to either delay or cancel orders that had been placed with their Vietnamese counterparts. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 7