Asia Regional Integration Center
Tracking Asian Integration
Recovery in agriculture and industry pushed GDP growth up to 6.8% in FY2019 (ending September 2019) from 6.4% in FY2018. Inflation surged to 8.6% in FY2019 from 5.9%. Foreign direct investments (FDI) commitments expanded to $4.2 billion during the year, with manufacturing, transportation and telecommunications as key FDI sectors. The current account deficit narrowed to the equivalent of 3.5% of GDP in FY2019 from 3.7% in FY2018. Growth is forecast to slow to 4.2% in FY2020 given the impact of the COVID-19 pandemic but should rebound to 6.8% in 2021 assuming the virus is quickly contained. A general election in late 2020 could create uncertainty over economic policy and affect growth prospects.
Source: Asian Development Outlook 2020, ADB
Latest | Month-Ago | Year-Ago | |
---|---|---|---|
Broad Money Growth 1 | 42.6 (Jul20) | 42.6 | 42.5 |
Headline Inflation Rate 2 | 1.0 (Nov20) | 1.5 | 8.3 |
Merchandise Export Growth 2 | 10.1 (Sep20) | 10.1 | -4.0 |
Exchange Rate Index 3 | 20.0 (Dec20) | 20.0 | 23.0 |
1 %. 2 y-o-y, %. 3 Monthly average, January 2006 = 100, $/local currency. | |||
Source: CEIC database. |
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