Moving to recovery after containment

Moving to recovery after containment

The pandemic has taken a turn for the worse in some parts of the world, including in Asia. The global economy is projected to grow by 5.9 per cent in 2021 and by 4.9 per cent in 2022. In particular, the 2021 Asian outlook has been downgraded by more than 1 percentage point to 6.5 per cent because of new outbreaks.
Fiscal reforms a must to underpin growth

Fiscal reforms a must to underpin growth

Despite no signs of an end to the pandemic, the government is expecting a growth rate of 6.5 per cent this year. Francois Painchaud, resident representative of the International Monetary Fund in Vietnam, writes about what the country should do to achieve its 2021 target, especially in terms of fiscal and monetary policies.