Chart showing growth in Southeast Asia. ICEAW predicts that economic growth across the region will slow from 5.1 per cent in 2018 to 4.5 per cent in 2019 and remain unchanged in 2020. — Photo Courtesy ICEAW Viet Nam is an exception which has benefited from some trade diversion effects caused by the trade war, according to the Institute of Chartered Accountants in England and Wales’ latest Economic Update: South-East Asia report. Nonetheless, ICAEW added, momentum in Viet Nam was expected to ease to 6.6 per cent in 2020 from 7 per cent in 2019, given weaker Chinese import demand and increased trade protectionism. Export-oriented economies had been the most impacted by the ongoing trade tensions, with Singapore only narrowly avoiding a technical recession in the third quarter. Economic growth across the region was expected to slow from 5.1 per cent in 2018 to 4.5 per cent in 2019 and remain unchanged in 2020 amid high risks of a re-escalation in trade tensions. Regional growth had slowed since 2018 and remained sluggish in the third quarter of 2019, with GDP growth across Southeast Asia rising only to 4.5 per cent year-on-year from 4.4 per cent in the second quarter. The… Read full this story
- Latest escalation of US-China trade war threatens Vietnam
- If Donald Trump's China Trade War Escalates, the U.S. Could Lose Almost 800,000 Jobs and Plunge Into a Deep Recession: Economists
- China's yuan slips to 11-year low amid trade war
- Digging Deeper | Trumping over the Chinese economy: The never-ending US China trade war
- The trade war has hit 3M hard but the worst may soon be over
- Trade war could impact US growth by hitting consumption: Seth Freeman, GlassRatner
- Trade War: China Exempts Some U.S. Soybean, Pork Imports From Tariffs as Trump Touts 'Interim Deal'
- A Political Economist on How China Sees Trump’s Trade War
- Standard Chartered forecasts 6.8 percent GDP growth for Vietnam
- UPDATE 3-Caterpillar lays off 120 workers as trade war hits sales
Southeast Asia GDP growth hit by trade war: report have 299 words, post on bizhub.vn at December 9, 2019. This is cached page on CuBird. If you want remove this page, please contact us.