– CLMV economic growth will likely slow to around 6% in 2020 and beyond, and downside risks have become more pronounced.
– The global economic slowdown - caused by trade conflicts – has had
spillover effects on CLMV economies through slowing exports.
– The current trade war is likely to accelerate production relocation
trends to CLMV in the coming years, mainly to Vietnam.
– Going forward, key risks to CLMV are a sharper-than-expected global
economic slowdown, especially in China, and country-specific
challenges such as the potential loss of EBA in Cambodia and
Myanmar, public debt sustainability in Laos, and US tariffs on Vietnam.