Asia Regional Integration Center
Tracking Asian Integration
The economy contracted 4.8% in 2020, after growing by 0.3% in 2019, due to the COVID-19 pandemic. However, growth returned in Q3 2020, as GDP expanded by 22.8% (seasonally adjusted annualized rate [saar]), driven by a 22%-growth in private consumption due to easing pandemic restrictions and substantial fiscal support. Export growth rose by 33.2% during the quarter due to robust demand for semiconductors and related machinery from the People’s Republic of China. However, with infections rising in November, growth moderated to 11.7% saar in the fourth quarter. Nonetheless, with positive leading indicators and continued policy support, GDP is expected to grow by 2.9% in 2021 and 2.4% in 2022.
Source: Asian Development Outlook 2021.
Latest | Month-Ago | Year-Ago | |
---|---|---|---|
Composite Stock Price Index 1 | 27.0 (Apr22) | 26.0 | 29.0 |
Broad Money Growth 2 | 2.9 (Feb22) | 2.9 | 3.2 |
Headline Inflation Rate 3 | 1.2 (Mar22) | 0.9 | -0.4 |
Industrial/ Manufacturing Production Growth Rate 3 | -1.7 (Mar22) | 0.5 | 3.6 |
Merchandise Export Growth 3 | 5.1 (Mar22) | 5.1 | 8.9 |
Exchange Rate Index 4 | 109.5 (Apr22) | 102.8 | 94.5 |
1 Monthly average, local index. 2 %. 3 y-o-y, %. 4 Monthly average, January 2006 = 100, $/local currency. | |||
Source: Bloomberg LP; CEIC database; Ministry of Economy, Trade and Industry; Ministry of Finance. |
Initiatives / FTAs
News
-
Macro News
2175 items
-
RCI News
2109 items
-
Opinions & Editorials
289 items
Publications
-
Economic Reports
33 items
-
Papers
236 items
-
ADB Books
0 items
-
ADB Working Paper Series4 items
on Regional Economic
Integration -
Studies and Research
95 items