vietexplorer0014

The latest data report from the World Bank has analyzed the economies in Southeast Asia and highlighted the dismal growth in global merchandise trade in 2023. The report states that this situation is likely to impact economies where trade is a key driver of growth, such as Malaysia and Vietnam, where growth is forecast to be moderate. The World Bank’s report predicts that Vietnam’s GDP growth in 2023 will reach about 6%, which is a decrease of about 0.3 percentage points compared to the January forecast. On the other hand, Malaysia’s GDP is expected to grow 4.3% in 2023, an increase of 0.3 percentage points from the previous forecast. The recovery of the global tourism industry, driven by an increase in tourist arrivals from China, is expected to support the growth of economies heavily dependent on tourism, such as Thailand. The report forecasts Thailand’s GDP to increase by 3.9% in 2023. The latest data report by the World Bank shows the GDP growth rates of Southeast Asian...