Amro revises up Vietnam’s 2024 growth forecast

Improving outlook: A street vendor selling dried fish in Hanoi. Amro says Vietnam’s inflation is expected to moderate further to 2.9% this year and 2.7% next year. — AFP

HANOI: Vietnam’s growth forecast for 2024 has been raised to 7.6% from last April’s projection of 7.1%, reflecting signs of an emerging turnaround.

Amro’s quarterly update of the Asean+3 Regional Economic Outlook also has a positive outlook for the country’s inflation, which is expected to moderate further to 2.9% this year and 2.7% next year.