AEIR 2018

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 25.0 (Aug19)28.0 27.0
Broad Money Growth 2 3.8 (Jul19)3.8 4.0
Headline Inflation Rate 3 3.3 (Jul19)3.2 2.4
Industrial/ Manufacturing Production Growth Rate 3 1.4 (Mar19)1.0 0.0
Merchandise Export Growth 3 -5.3 (Jul19)-5.3 -8.8
Exchange Rate Index 4 101.1 (Aug19)100.8 101.2
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.

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