# Standard Chartered lowers Vietnam 2024 growth forecast to 6.0%
Published: 2024-04-24
Category: Headlines
Category URL: https://business.express/category/headlines/
Meta Title: Standard Chartered Cuts Vietnam Growth Forecast to 6.0%
Meta Description: Discover how Standard Chartered has adjusted its economic forecast for Vietnam amid global trade challenges and lower first quarter growth.
URL: https://business.express/standard-chartered-lowers-vietnam-2024-growth-forecast-to-6-0/

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HANOI (Reuters) – Standard Chartered has cut its forecast for Vietnam’s economic growth this year to 6.0% from 6.7%, the bank said on Wednesday, citing lower-than-expected growth in the first quarter and global trade headwinds.

“Trade, a key source of growth and investment for Vietnam, also faces short and long-term challenges,” the bank said in a statement.

It also cut its inflation forecast for the year to 4.3% from 5.5% after lower-than-expected first quarter inflation.

(Reporting by Khanh Vu; Editing by John Mair)


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