BMI Revises Down 2008 GDP Forecast To 5.5%

June 2008 | Economic Analysis

BMI View: We have revised down our 2008 GDP forecast from 7.0% to 5.5% as Vietnam is now slamming the brakes in order to regain control over inflation. With monetary tightening and reduced public investment cutting into domestic demand, we foresee both inflation and the trade deficit falling in H208. We thus acknowledge downside risks to our 5.5% forecast.

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