However, the extent of recovery in manufacturing will be capped by weak external demand in a global recession, while the barring of tourists from entering the country will continue to hamper a recovery in tourism related services like retail and hospitality, according to Fitch Solutions. … [Read more...] about GDP growth to hit 3 pct in 2020: Fitch Solutions
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Three horses to pull nation’s economic growth: PM Phuc
NA deputies agree with solutions for socio-economic recovery The 14th National Assembly continued its ninth session on June 13 with the discussion on the supplementary assessment of the implementation of the NA resolution on the socio-economic development plan and State budget in 2019 and early 2020. … [Read more...] about Three horses to pull nation’s economic growth: PM Phuc
Fitch Solutions revises up Việt Nam’s 2020 GDP growth
Growth of manufacturing, the largest sub-sector at 17 per cent of GDP, slowed to 3.2 per cent y-o-y, from 7.1 per cent y-o-y in Q120, as activity stalled due to Viet Nam’s movement restrictions in April. With Việt Nam’s restrictions having been lifted, Fitch expected manufacturing growth to recover over the second half of the year. … [Read more...] about Fitch Solutions revises up Việt Nam’s 2020 GDP growth
France won’t rule out ‘no deal’ on UK future ties
French Foreign Affairs Minister Jean-Yves Le Drian (pictured May 2020) said, "We cannot exclude the prospect of a 'no deal' but we want to avoid it" AFP/Ludovic Marin "We cannot exclude the prospect of a 'no deal' but we want to avoid it," Foreign Minister Jean-Yves Le Drian said in an interview with the French daily La Croix to be published on Wednesday. … [Read more...] about France won’t rule out ‘no deal’ on UK future ties
Spain reopens border as Latin America cases pass two million
French border and custom police control vehicles at the Dancharia border post during the re-opening of the border between France and Spain after several months of closure due to the coronavirus. (GAIZKA IROZ/AFP) Traffic flowed again across the Spain-France border in a watershed moment for the millions of businesses and workers across Europe that have suffered badly from the economic downturn caused by tough lockdowns. … [Read more...] about Spain reopens border as Latin America cases pass two million
