On April 22, 2019, the State Bank of Vietnam in coordination with the Resident Representative Office in Vietnam of the International Monetary Fund (IMF) organized a Seminar on Global Prospects, Prices of Capital Goods and Trade Spillovers.
A snapshot of the Seminar
Attended the Seminar were representatives from the SBV entities, the ministries, agencies and research institutes. On the IMF’s side, there were specialists from the team of auditors of the World Economic Outlook 2019.
In his opening speech, Mr. Pham Chi Quang, Deputy Director General of the SBV Monetary Policy Department, emphasized that the sharing of the IMF’s views and assessments of the world economic outlook and current key issues, as well as the relevant policy recommendations are of great importance for the macro-economic management of all countries, including Vietnam.
At the seminar, Mr. Yannick Timmer, IMF economist, briefed the participants on the overviews of the global economic situations in 2018, mentioning the economic developments in Japan, China, Argentina, etc. and gave some forecast on the world economic outlook in 2019. The world GDP growth is forecast to be at just 3.3% this year, before increasing to 3.6% in 2020. This growth rate is lower than the forecast one announced in October, 2018, in which the IMF has adjusted the GDP growth rate for 2019 down by 0.4%, and GDP growth rate for 2020 down by 0.1%.
Le Hang