The IMF also forecasts that the group of five ASEAN countries, including: Indonesia, Thailand, Vietnam, the Philippines and Malaysia, will grow GDP at 4.9% this year and 6.1% by 2022.
Regarding the unemployment rate of Vietnam, the IMF is estimated to decrease from 3.3% in 2020 to 2.7% in 2021, then continue to decrease to 2.4% in 2022. If compared with the ground In general, these are positive signs of Vietnam’s economy.
In this report, the IMF expects world economic growth to reach 6% this year, higher than the 5.5% forecasted in January.
At a meeting with the world’s 20 major economies (G20) and the World Bank (WB) on April 7, the IMF said global economic growth predicted at 6 percent showed a more optimistic prospect for some developed countries, such as the US.
Still, the IMF warns that emerging-market economies are lagging behind advanced economies. The Covid-19 pandemic is threatening to eradicate years of efforts to eradicate global poverty.
Speaking at the meeting, IMF Director General Kristalina Georgieva called on richer countries to join hands, ensuring low income countries can implement Covid-19 vaccination program for the future of the world. “We have no way to overcome this pandemic without going together,” she stressed.
Previously, a number of major international financial institutions had made positive comments on Vietnam’s economy. United Oversea Bank forecasts that Vietnam’s economic growth in 2021 will be quite high at 7.1%. The HSBC Economic Research Division also forecasts that Vietnam will achieve 6.6% growth in 2021.
Source: ndh.vn – Translated by fintel.vn