Solid economic growth continued in 2015, as industry and services continued to expand. This was despite slower growth for a second consecutive year in the EU and PRC. Robust growth is expected this year from strong garment and footwear manufacturing, construction, and services. Inflation should be moderate.
There are financial vulnerabilities due to rapid credit growth and a real estate boom. Should the US dollar regain its strength, competitiveness may suffer in a highly dollarized economy.
|Broad Money Growth 1||20.2 (Nov16)||20.2||21.3|
|Headline Inflation Rate 2||3.6 (Nov16)||3.4||1.9|
|Merchandise Export Growth 2||4.4 (Sep16)||4.4||14.7|
|Exchange Rate Index 3||98.9 (Jan17)||98.9||99.8|
2 y-o-y, %.
3 Monthly average, January 2006 = 100, $/local currency.
|Source: CEIC database.|