Vietnam International Political Economy

Despite the Vietnam government forecast of 6.5 percent growth for the Vietnam economy the International Monetary Fund (IMF) has downgraded its growth forecast to 4.75 percent in the wake of the global economic crisis according to AFP.

Key drivers of the Vietnam economic growth revision include deflationary pressures of food and energy cost along with weak domestic and outside demand.

To further the blow, the World Bank also downgraded it growth forecast for the Vietnam economy earlier this month as well.