GDP bounces back into growth
Economic recovery continues gaining pace by 3Q20’s end. The latest data showed 3Q20’s GDP growth rebounding markedly to 2.63% YoY from its historic low of just 0.36% YoY in 2Q20. Both export and import were accelerating at a double-digit pace, while the industrial sector continued to grow robustly. Also, FDI disbursement recorded the highest level in 2020. All these things are signaling a further economic recovery in 4Q20.