AEIR 2018

Despite a rise in agricultural production, the GDP growth forecast for FY2018 was downgraded from 5.8% to 5.2% on weaker growth in manufacturing, a slowdown in construction, and deceleration in services growth. On the demand side, private consumption contributed most, buoyed by low inflation and interest rates. Higher public investment in infrastructure and energy were also major contributors. However, growth is expected to decelerate to 3.9% in FY2019 and 3.6% in FY2020 as macroeconomic challenges remain—specifically high and unsustainable government deficits that require more fiscal consolidation.

Source: Asian Development Outlook 2019, ADB.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 31.0 (Sep19)30.0 41.0
Broad Money Growth 2 10.9 (Aug19)10.9 11.7
Headline Inflation Rate 3 12.6 (Sep19)11.6 5.1
Industrial/ Manufacturing Production Growth Rate 3 -6.5 (Apr19)-7.4 9.5
Merchandise Export Growth 3 -7.7 (Aug19)-7.7 15.7
Exchange Rate Index 4 261.3 (Sep19)264.7 207.6
1 Monthly average, local index.
2 %.
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
Source: Bloomberg LP; CEIC database; Federal Bureau of Statistics.

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