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Vietnam GDP growth predicted to hit 6.2% in 2021: CIEM

A flexible approach in managing the twin goal helped the country keep the economy intact in the most complicated Covid-19 outbreak yet. In the most optimistic scenario, Vietnam’s GDP growth in 2021 would reach 6.2% year-on-year on the assumption that the pandemic is contained in August, higher than the 6% target set by the National […]

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StanChart cuts Philippines GDP growth to 4.6%

MANILA, Philippines — With an earlier resurgence in new COVID-19 cases and the slow pace of vaccination, the Philippines may recover slower from the pandemic than other economies in Asia, according to Standard Chartered Bank. During a webinar, StanChart economist for Asia Chidu Narayanan said the bank expects the Philippines to grow by 4.6 percent […]

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Asian markets lower on growth, virus concerns

HONG KONG, China —  Asian markets edged lower on Friday as investors weighed concerns over economic growth and virus outbreaks and risk aversion set in following dovish comments from the Federal Reserve chief. Fed Chair Jay Powell reiterated the central bank’s plan to maintain stimulus initiatives until the economy fully recovers while Treasury Secretary Janet […]

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