AEIR 2019/2020

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 (Dec19)2.0 2.0
Broad Money Growth 2 3.0 (Nov19)3.0 6.4
Headline Inflation Rate 3 5.4 (Dec19)5.4 5.3
Industrial/ Manufacturing Production Growth Rate 3 4.8 (Nov19)5.4 2.3
Merchandise Export Growth 3 -12.0 (Oct19)-12.0 -3.7
Exchange Rate Index 4 288.5 (Dec19)291.4 279.9
1 Monthly average, local index.
2 %.
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
Source: Bloomberg LP; CEIC database.

Initiatives / FTAs

News