AEIR 2018

Growth in several sectors slowed in 2018, while increased government spending resulted in a sustained 4.1% GDP expansion. With growth in both manufacturing and mining slowing, industrial growth fell to 4.2% from 7.7% in 2017. However, state support for housing, services and agriculture expanded further in 2018, supporting growth. Economic growth is forecast to decline to 3.5% in 2019 and 3.3% in 2020, mainly reflecting lower oil prices and slower GDP growth in both the People’s Republic of China and the Russian Federation. State non-oil investment may become a key driver of growth in the coming years.

Source: Asian Development Outlook 2019, ADB.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 2.0 (Aug19)2.0 2.0
Broad Money Growth 2 -2.0 (Jul19)-2.0 -1.9
Headline Inflation Rate 3 5.5 (Aug19)5.4 6.0
Industrial/ Manufacturing Production Growth Rate 3 3.2 (Jul19)5.9 4.4
Merchandise Export Growth 3 -8.3 (Jun19)-8.3 8.8
Exchange Rate Index 4 290.8 (Aug19)288.7 269.0
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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