Asia Regional Integration Center
Tracking Asian Integration
The economy recovered in the fourth quarter of 2021, with GDP expanding by 14.4% at a seasonally adjusted annualized rate. Household spending surged, increasing consumption by 18.7%. In December, unemployment fell to 4.2%, the lowest in 13 years. Inflation accelerated to 2.9% from 0.9% in 2020, the highest rate in 10 years. In addition, lower fixed capital investment cut growth by 1.5 percentage points on lower private business investment. Exports were down by 6.0% and imports fell 3.5% from global supply-chain disruptions. GDP is estimated to grow by 4.0% this 2022 and 3.1% in 2023 as domestic demand strengthens from accommodative financing conditions, accumulated savings, and an easing of COVID-19 restrictions.
Source: Asian Development Outlook 2022.
|Composite Stock Price Index 1||4.0 (Feb23)||4.0||4.0|
|Broad Money Growth 2||7.8 (Dec22)||7.8||9.3|
|Headline Inflation Rate 3||7.8 (Dec22)||3.5|
|Industrial/ Manufacturing Production Growth Rate 3||2.0 (Dec22)||1.2|
|Merchandise Export Growth 3||10.3 (Jan23)||10.3||15.7|
|Exchange Rate Index 4||91.9 (Feb23)||92.6||95.5|
|1 Monthly average, local index.|
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
|Source: Bloomberg LP; CEIC database.|
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