Analyst Pin-board: Update on Vietnam’s economic growth
During the last three months, many significant events took place in various areas such as trade agreements (US-Sino Phase One and USMCA), geopolitical risks (Brexit and Trump’s Middle East peace plan) and unexpected natural disasters (Corona virus and Australia fires). Among those, the US-Sino Phase One deal and Corona Virus, originating in Wuhan, China, have played an important role in driving economic growth forecasts. The former delivered a silver lining for ASEAN+3 growth before the latter put some gloom on the global economic outlook and forced economists to reconsider revising down their forecasts.
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