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Slump in Manufacturing Output Restraining Growth
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In Q3 2018, regional growth in the Asia-Pacific region remained stagnated at 4.6% with growth expected to remain low during the forecast period. In Australia, GDP growth increased from 2.4% in 2017 to 2.9% in 2018, largely due to increase in business investment and private consumption. Sri Lanka is expected to register 2.9% in Q3 2018, slower than the 3.6% registered in Q2 2018. The political turmoil in the country will impact private investment and FDI as evident by IMF and US decision to halt aid and investment program in the country. Indonesia has registered a growth from 5.1% in Q1 2018 to 5.3% in Q4 2018, pushed by strong domestic demand. In Q4 2018, Japan’s economy is expected to start recovering with improvements in labor market conditions. Growth of Malaysian economy has slowed from a 5.9% in 2017 to 4.8% in 2018. Growth in industrial production experienced a slump due to decline in exports in Q4 2018 at 1.2% compared to 3.5% in Q4 2018. Despite being lower, Nepal’s 2018 growth is at a substantial 5.9%, supported by strong private and government consumption. South Korea’s overall GDP growth rate fell from 3.1% in 2017 to 2.5% in 2018 accompanied by a slowdown in manufacturing output. In Q1 2018, Thailand’s economy grew at the fastest pace during the year registering growth of 4.9%, with a strong growth in tourism sector. Vietnam’s economy registered strong growth of 7.4% in Q1 2018, supported by the robust expansion of manufacturing and FDI. Both India and China witnessed a slowdown in economic growth, as the large economies in the region battled with higher oil price and increased volatility in currency value. Sector Coverage: Economic Indicators, Demographics, Energy, Manufacturing, Food and Beverages, Chemicals, Pharmaceuticals, Plastics, Mining, Electricity, Construction, Agriculture, Healthcare, Information and Communication Technologies.Indicator coverage: Gross Domestic Product (GDP) and its components, GDP Growth, Export & Import, Foreign Direct Investment, Inflation, Business Confidence, Population & Demographics, Index of Industrial Production (IIP), Value Add by Industry, Trade by Industry, IIP by Industry, Production of Important Commodities, Oil Production & Consumption, Oil Export & Import, Renewable Energy, Emissions, Coal Production & Consumption, Healthcare Spending, Internet and Mobile Subscription. Regional GDP Growth calculationCountry Coverage – Asia-Pacific· Australia· China· India· Indonesia· Japan· Malaysia· Nepal· South Korea· Sri Lanka· Thailand· VietnamYear, Quarter and Month Coverage• Yearly Data: 2015 – 2022• Quarterly Data: Q1 2015 – Q3 2020• Monthly Data: January 2015 – December 2018
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