AEIR 2021

GDP growth rose to 4.5% in 2019 from 4.1% in 2018 as higher consumption, investment, and services drove the expansion. Most supply side sectors, however, lost steam, with growth in agriculture slowing to 0.9% (from 3.8% in 2018) and industry slipping to 3.8% (from 4.4%). Services did well, growing by 4.4% (from 3.9% in 2018). On the demand side, consumption expanded markedly, jumping from 1.6% growth during the first 9 months of 2018 to 6.7% for the same period in 2019. In addition, investment grew by 8.9%.in 2019, up from 2.8% in 2018. Despite the strong performance, however, the 2020 forecast accounts for a hit from the plunge in oil prices and the impact of COVID-19. GDP growth is expected to drop to 1.8% in 2020 before recovering to 3.6% in 2021.
Source: Asian Development Outlook 2020, ADB
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 2.0 (Feb21)2.0 2.0
Broad Money Growth 2 21.6 (Jan21)21.6 16.9
Headline Inflation Rate 3 7.4 (Feb21)7.4 6.0
Industrial/ Manufacturing Production Growth Rate 3 -4.1 (Jan21)0.3 4.1
Merchandise Export Growth 3 -32.6 (Dec20)-32.6 -11.3
Exchange Rate Index 4 314.4 (Feb21)314.4 315.9
1 Monthly average, local index.
2 %.
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
Source: Bloomberg LP; CEIC database.

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