Vietnam will be one of the world’s fastest-growing economies in 2021: Moody's Analytics
(VOVWORLD) - Vietnam and China will see the world’s fastest growth in 2021, helping the Asia-Pacific region lead the global recovery from the COVID-19 pandemic, according to Moody's Analytics, a unit of US-based Moody’s Corporation.
 (Illustrative photo: Ngoc Son / VNA) |
Moody's Analytics chief Asia-Pacific economist Steve Cochrane said the Asia-Pacific economy is rebounding with the global recovery of industrial production and global trade. Further, it enjoys a level of fiscal support that will keep a floor under the economy and preserve enterprise and household financial conditions so that they are able to contribute to economic recovery, he added.
Moody's Analytics said that in 2021 economic recovery in the region will not be complete until international travel and tourism are back on track.