Macroeconomic report second quarter and first 6 month of 2019

Macroeconomic report second quarter and first 6 month of 2019

MACROECONOMIC REPORT SECOND QUARTER AND FIRST 6 MONTHS OF 2019

MACROECONOMIC REPORT SECOND QUARTER AND FIRST 6 MONTHS OF 2019

Quarter 2 of 2019 witnessed prompt and unpreditable fluctuations of international economic context, accompanied by domestic positive movements. Financial tightening in developed economies was invisible. From a relaxation ation thanks to the US’s extension on a temporary suspension of tariff increase at the end of February , the US - China trade – technology tension flared up and become more complicated in May-June before a halt in the end of June. Domestically, despite relative high economic growth in the first quarter, the Prime Minister still drastically emphasized on remval of barriers for business and production since the beginning of Q2. More requirements on active monitoring, updating and forecasting of external movements were more often. The promulgation of legal documents for implementing CPTPP and lobbying of EVFTA has shown some new changes.

This macroeconomic report serves several objectives, including: (i) to update, and review macroeconomic development and policy changes in Q2 and the first 6 months ò 2019 with evidence-based analysis and perspectives of experts/Central Institute for Economic Management; (ii) to update the macroeconomic outlook for 2019; (iii) to analyze in depth selected economic issues with quantitative and/or qualitative findings; and (iv) to make recommendations on economic reforms (including institutional reforms) and on macroeconomic policies in 2019 and following years.

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