WB lowers forecast for Việt Nam’s 2021 GDP growth to 2-2.5%

14/10/2021 13:52 13

WB lowers forecast for Việt Nam’s 2021 GDP growth to 2-2.5%

HÀ NỘI — World Bank continued to lower Việt Nam’s GDP growth forecast for this year to 2-2.5 per cent in its October 2021 Việt Nam Macro Monitoring.

Việt Nam's GDP in the third quarter of 2021 decreased by 6.17 per cent from the same period last year, the sharpest decline since Việt Nam announced its quarterly GDP in 2006.

The authorities should also adopt a more expansionary fiscal policy and use the various fiscal tools available to support the economic rebound, including easing procedural rigidities in the budget to spend the planned current budget, accelerating the implementation of planned public investment, and expanding social protection to households and to formal and informal workers, it said. — VNS

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