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 26.0 (Oct19)26.0 25.0
Broad Money Growth 2 2.6 (Sep19)2.6 3.3
Headline Inflation Rate 3 3.3 (Sep19)3.5 2.7
Industrial/ Manufacturing Production Growth Rate 3 1.5 (Mar19)1.0 0.0
Merchandise Export Growth 3 -7.3 (Sep19)-7.3 -6.2
Exchange Rate Index 4 101.1 (Oct19)101.1 101.1
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