GDP growth is expected to modestly pick up to 2.3% in 2013 and 3.3% in 2014, due to a slight recovery in manufacturing and consumer confidence. Moderating economic growth in the People’s Republic of China, its biggest trading partner, is the main downside risk for the export-driven economy. Given the government’s limited fiscal space, key challenges include deepening trade liberalization, diversifying export markets, and increasing domestic consumption.
|Composite Stock Price Index 1||9.0 (Jan17)||9.0||7.0|
|Broad Money Growth 2||3.6 (Dec16)||3.6||3.8|
|Headline Inflation Rate 3||1.7 (Dec16)||2.0||0.1|
|Industrial/ Manufacturing Production Growth Rate 3||6.3 (Dec16)||9.1||-5.9|
|Merchandise Export Growth 3||7.0 (Jan17)||7.0||14.0|
|1 Monthly average, local index.|
3 y-o-y, %.
|Source: Bloomberg LP; CEIC database; Ministry of Economic Affairs; Ministry of Finance.|