phil03
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IMF cuts GDP growth forecast for ASEAN-5

MANILA, Philippines — The International Monetary Fund (IMF) has slashed the economic growth forecast for member countries of the Association of Southeast Asian Nations (ASEAN) as the global economy entered 2022 in a weaker position amid higher inflation and the spread of the Omicron COVID variant. In the latest World Economic Outlook, the IMF lowered […]

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Thailand: Digital assets banned for payment

Regulators plan to prohibit the use of digital assets to pay for goods and services because it could create a risk for financial stability and the economy. According to a joint statement by the Bank of Thailand, Securities and Exchange Commission (SEC) and the Finance Ministry on Tuesday, they have reviewed the benefits and risks […]

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Vietnam: Debates over inflation

Inflation will apparently become one of the key words of 2022. As it exerts impact on other macroeconomic variables, while it has to bear pressure and influence from other factors, inflation and its forecasts have aroused bitter controversy among economists and analysts. In a recent report on Vietnam, Standard Chartered projects the country’s gross domestic product […]

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