SINGAPORE -- Singapore's Ministry of Trade and Industry (MTI) on Friday downgraded the GDP growth forecast for the city-state to 0.5-1.5 percent due to a poor manufacturing outlook.
The growth forecast was narrowed from an earlier range of 0.5-2.5 percent, said the MTI in its Economic Survey of Singapore Second Quarter 2023. (Singapore-GDP Forecast-2023)
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HANOI -- Vietnam's economy will grow 4.7 percent in 2023 and accelerate to 5.5 percent in 2024, according to a report by the World Bank (WB) released on Thursday.
The country's consumer price index (CPI) is expected to rise 3.5 percent in 2023 and will be stabilized at 3 percent in 2024, according to its latest economic update named "Making Public Investment Work for Growth." (Vietnam-GDP-WB)
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HANOI -- Vietnam highlighted the importance of science-technology application in energy development and the efficient use of energy, contributing to realizing the net-zero emission goal by 2050, local media has reported.
According to its newly issued national plan in the fields of energy and mining, the Southeast Asian country aims to ensure the country's energy security and development of forms of energy in a systematic, suitable and diverse manner, local newspaper Vietnam News reported on Friday, citing the plan. (Vietnam-Energy Development)
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WELLINGTON -- New Zealand's annual food prices were 9.6 percent higher in July 2023 than in July 2022, according to the statistics department Stats NZ on Friday.
"While overall food inflation has slowed, it is comparable to the increases we saw in 2008 and 2011," said Stats NZ consumer prices manager James Mitchell. (New Zealand-Food Price) ■
