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The Bosch Group is a leading global supplier of technology and services, in the areas of automotive and industrial technology, consumer goods as well as building technology. 

World bank forecasts vietnam’s GDP to reach 5.3% in 2013

2013-06-14 14:06:23

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The World Bank set its growth forecast for Vietnam at 5.3% in 2013, higher than5.2% of 2012. However, the bank cut its forecast for Vietnam in 2014-2015 period to 5.4%, revising its previous prediction of 5.5% for 2014 and 6% for 2015.

 

On June 12, World Bank updated its global economic outlook.

 

Vietnam’s current account balance over GDP (Gross Domestic Products) ratio is foreseen to reach 5.6% in 2013, lower than that of 5.9% in 2012 and will continue falling to 3.3% and 1% for 2014 and 2015, respectively.

 

The bank also said the East Asia- Pacific region’s GDP will be 7.3% this year, lower than its earlier forecast of 7.5% mainly due to slowdown growth of the China-the world’s second largest economy. The bank now expects China to grow 7.7% in 2013, down from its earlier projection of 8.4%.

 

It also cut the forecast for global economic growth to 2.2% in 2013, revising earlier projection figure of 2.4%.