AEIR 2018

Growth strengthened to 3.0% in 2017 as challenges from foreign exchange shortages and fiscal difficulties ebb. Asia-Pacific Economic Cooperation (APEC) meetings will provide economic stimulus in 2018, but a recent earthquake in February have weighed heavily on hydrocarbon and liquefied natural gas exports. Growth projection in 2018 is revised down to 0.5% from 1.8%, but is expected to grow 3.0% in 2019. Inflation eased to 5.4% in 2017 from 6.7% in 2016, and is expected to further decelerate to 5.0% in 2018 and dip to 4.5% in 2019 as the APEC effect dissipates. Current account surplus reached 17.6% of GDP and will be sustained at 15.9% in 2018 and 16.2% in 2019, largely due to its buoyant export sector.

Source: Asian Development Outlook 2018 Update, ADB.
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 4.6 (Mar18)6.0 0.0
1 y-o-y, %.
Source: CEIC database.

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