AEIR 2019/2020

GDP growth moderated to 3.0% in 2018 from 3.8% in 2017 on sluggish global trade, tightening external financial conditions, and persistent global trade tensions. Nonetheless, domestic demand remained resilient as a source of growth, while government spending also expanded by 4.2%. Spurred by favorable job and income conditions, private consumption expenditure expanded by 5.6% in real terms. GDP growth is projected to slow to 2.5% for both 2019 and 2020. Growth moderation in the People’s Republic of China and several other key partners will impact exports. Business surveys show a sharp deterioration in sentiment, particularly in import/export trade and wholesale markets, and in real estate, mirroring the recently cooling property market.

Source: Asian Development Outlook 2019, ADB.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 27.0 (Feb20)28.0 28.0
Broad Money Growth 2 2.2 (Jan20)2.2 2.7
Headline Inflation Rate 3 1.4 (Jan20)2.9 2.5
Industrial/ Manufacturing Production Growth Rate 3 0.4 (Jun19)1.6 0.0
Merchandise Export Growth 3 -22.1 (Jan20)-22.1 3.5
Exchange Rate Index 4 100.3 (Feb20)100.3 101.2
1 Monthly average, local index.
2 %.
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
Source: Bloomberg LP; CEIC database; Census and Statistics Department.

Initiatives / FTAs