Li Qiang’s chat with business leaders and trusted economists puts the onus on what can be done at home while the external environment becomes ‘increasingly complex, severe’.
The Philippine economy is seen to grow at a slower rate than earlier expected due to high inflation and weaker external demand, the ASEAN+3 Macroeconomic Research Office (AMRO) said Monday.
Vietnam’s economy is expected to grow 6.8% this year - the highest in ASEAN - according to the ASEAN+3 Macroeconomic Research Office (ARMO). The office also forecast economic growth in China, the Republic of Korea, and Japan in 2023.
The ASEAN+3 Macroeconomic Research Office (AMRO) has joined many international organisations in revising up Vietnam’s GDP growth this year thanks to the country’s strong performance since early this year and success in containing inflation.
Vietnam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN +3 Regional Economic Outlook.