Socio-economic situation in February and 2 months of 2023
Agricultural production in February focused on planting and taking care of spring rice, annual spring crops across the country.
Agricultural production in February focused on planting and taking care of spring rice, annual spring crops across the country.
Agricultural production in the month focuses mainly on planting, taking care of spring rice, and planting annual crops across the country. Pig and poultry farming developed well.
In 2023, the world economy continues to face many difficulties and challenges. Strategic competition between powerful countries is becoming more intense and comprehensive, increasing geopolitical tensions; The Russia-Ukraine conflict is complicated, and fighting in the Middle East has negatively impacted the world economic recovery process after the Covid-19 epidemic.
As of mid-November, the whole country harvested 1,385.8 thousand hectares of winter rice, accounting for 89.7% of the cultivated area and equal to 103.5% of the same period last year.
Global economic growth in 2023 has been adjusted by international organizations compared to previous forecasts, but most forecasts are lower than the growth rate in 2022.
As of mid-November, the whole country harvested 1,385.8 thousand hectares of winter rice, accounting for 89.7% of the cultivated area and equal to 103.5% of the same period last year.
Agricultural production in October focuses on caring for and harvesting summer rice and autumn-winter rice across the country and planting winter crops in the North. Livestock development was stable, live pig prices have decreased due to the return of African swine fever in some localities.
In the 2023 winter paddy, the whole country will cultivate 1,544.5 thousand hectares, equal to 99.5% of the previous year's crop, of which: Northern localities will reach 1,005.8 thousand hectares, equal to 98.3%; Southern localities reached 538.7 thousand hectares, equal to 101.8%.
The World Bank (WB) forecasts global growth at 2.1% in 2023, adjusted up 0.4 percentage points compared to the forecast at the beginning of 2023. The European Union (EU) forecasts an increase in Global economic growth in 2023 will reach 3.2%, adjusted to increase by 0.1 percentage points compared to the forecast in May 2023
The world economy in the 9 months of 2023 faces many difficulties and challenges. Most economies in the world have lower growth than expected due to declining aggregate demand; Inflation has cooled down but remains high; tightened monetary policy, world public debt has increased to record levels