AEIR 2019/2020

After peaking at 7.2% in 2018, a slowdown in mining, transportation and manufacturing led GDP growth down to 5.1% in 2019. Output slumped for gold, copper, zinc, and fluorspar, with the effects spilling over to industry and services, which slowed as well. However, agriculture, including crops and livestock, grew by 8.1% in 2019. On the demand side, net exports were a significant drag on growth, subtracting 10.4 percentage points to growth. Large gains in investment and private consumption helped cushion the decline. Mining and crude oil exports will continue to decline due to the slowdown in the People’s Republic of China’s and the impact of the COVID-19 pandemic. Growth is forecast to decline to 2.1% in 2020, recovering to 4.6% in 2021.
Source: Asian Development Outlook 2020, ADB
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 18.0 (Dec20)17.0 18.0
Broad Money Growth 2 9.8 (Sep20)9.8 5.0
Headline Inflation Rate 3 3.5 (Nov20)2.4 5.2
Industrial/ Manufacturing Production Growth Rate 3 -5.2 (Jun20)-25.3 -7.8
Merchandise Export Growth 3 64.9 (Nov20)64.9 44.0
Exchange Rate Index 4 232.3 (Dec20)231.2 221.7
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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