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Tag: inflation

Gold price hits new record in Vietnam

Vietnam’s domestic gold prices surged to a new record on April 22, with gold bars from Saigon Jewelry Company (SJC) reaching VND 122.5 million (US$4,767) per tael or approximately US$3,973–US$3,972 per troy ounce, driven by soaring global prices and rising demand for safe-haven assets, the Vietnam News Agency is reporting.

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Philippines: IMF trims 2025 GDP growth forecast to 5.5 percent

The International Monetary Fund (IMF) has revised down the Philippines’ GDP growth forecast for 2025 in its April 2025 World Economic Outlook, while inflation expectations have been nudged upward. The new projections show real GDP expanding by 5.5 percent in 2025, a modest downgrade from 5.8 percent in October 2024, with a forecast of 5.8 percent for 2026.

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GDP: IMF forecasts Vietnam growth to reach just 4 percent in 2026

Vietnam’s near-term economic outlook has dimmed slightly, with the International Monetary Fund (IMF) lowering its GDP growth forecast for 2025 and 2026 in its latest April 2025 World Economic Outlook. Real GDP is now projected to grow 5.2 percent in 2025 and 4.0 percent in 2026, compared to 6.1 percent and 6.1 percent in the October 2024 forecast. This marks a downward revision of 0.9 percentage points for 2025 and a sharp 2.1 points for 2026.

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