CLMV Monitor by EIC Q4/2018
CLMV economic growth remains favorable around 6.5-7% in 2019, notably supported by external factors.
CLMV economic growth remains favorable around 6.5-7% in 2019, notably supported by external factors. CLMV economies would rather benefit from escalating US-China trade war as more foreign direct investments are expected to relocate to the region, especially Cambodia and Vietnam, to avoid the US’s tariffs. Exports will accelerate following growing international demand for CLMV’s labor-intensive products under preferential trade privileges.Tourism activities will continue to improve, thanks to ASEAN tourists. Meanwhile, Domestic demand will expand, following a rapid economic growth. However, risks to CLMV economic growth in 2019 have stemmed from country-specific issues and arise from tightening global financial conditions and China economic slowdown.
