Vietnam projected to reach highest GDP growth of 8.5% in APAC in 2022

Vietnam is the only Asia-Pacific economy to witness a significant upward revision in GDP growth by Moody’s Analytics, a unit of Moody’s Corporation.

While a deceleration of exports as reported in July’s data was highlighted by the economists, they believe demand could stabilise from the United States, as its labour market is ‘quite strong’, a news agency reported.

South and Southeast Asia face the highest risk from a surprise in inflation, which could slow domestic demand for goods and services, they cautioned.

Fibre2Fashion News Desk (DS)