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Tracking Asian Integration
Growth picked up in fiscal year 2017 (FY2017, ended 30 June 2017) to 5.3% as services grew, agriculture rebounded, and consumer and investment demand strengthened. However, a fiscal lapse and continued weak exports caused large budget and current account deficits and a loss of foreign exchange reserves. The outlook is for wider current account deficits and moderating growth. Addressing fiscal and external imbalances and revitalizing exports are major challenges for the government now and following national elections in 2018. GDP growth is expected to accelerate to 5.6% in FY2018 then adjust downward to 5.1% in FY2019. Average inflation reached 4.2% in FY2017, and is expected to average at 4.5% and 4.8% in the coming years.
Source: Asian Development Outlook 2018, ADB.
| Latest | Month-Ago | Year-Ago | |
|---|---|---|---|
| Composite Stock Price Index 1 | 45.0 (Apr18) | 44.0 | 48.0 |
| Broad Money Growth 2 | 12.2 (Jun17) | 12.2 | 13.1 |
| Headline Inflation Rate 3 | 3.7 (Apr18) | 3.3 | 4.8 |
| Industrial/ Manufacturing Production Growth Rate 3 | 5.8 (Feb18) | 9.7 | 9.2 |
| Merchandise Export Growth 3 | 24.1 (Mar18) | 24.1 | 16.4 |
| Exchange Rate Index 4 | 193.2 (Apr18) | 188.0 | 175.2 |
| 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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