IMF chief says global economy mired in weak growth, sticky inflation
(VOVWORLD) - Vietnam’s 8% growth in 2022 was a bright spot, said Daniel Leigh, head of the World Economic Studies division of the International Monetary Fund (IMF)'s Research Department, which produces the World Economic Outlook (WEO).
 The International Monetary Fund (IMF) logo in Washington, United States, September 4, 2018. (Photo: REUTERS) |
In an interview with the Vietnam News Agency during the week of spring meetings of the IMF and the WB in Washington DC, Leigh said the IMF has just revised upward its growth forecast for Vietnam, adding that this is partly due to the rebound from COVID-19 and trade diversion. Some of the investment is shifting to Vietnam, giving the country a lift, said Leigh. Although the IMF expects a slowdown in Vietnam’s growth, the projected rate is still high – 5.8% in 2023 and 6.9% in 2024, he said.
For Vietnam to continue to grow strongly in the remaining quarters of this year and the next five years, Leigh recommends that its monetary policy focus on holding down inflation, and that its fiscal policy continue to give targeted support to vulnerable households.