Myanmar Economic Monitor May 2018 Growth Amidst Uncertainty. Hans Anand Beck Lead Economist, Myanmar
|
|
- Ada Wilson
- 5 years ago
- Views:
Transcription
1 Myanmar Economic Monitor May 2018 Growth Amidst Uncertainty Hans Anand Beck Lead Economist, Myanmar May 17, 2018
2 Key Takeaways The economy performed better in 2017/18 amidst uncertainty. A stronger-than-expected global economic recovery in 2017 provided a boost to global trade. Myanmar s economy saw a broad based recovery in growth led by agriculture and manufacturing while services growth declined slightly as tourism was affected by Rakhine uncertainties. Inflation moderated, the current account and fiscal deficits narrowed and the Kyat strengthened slightly within the year. While the economic outlook remains positive, domestic risks in particular have intensified. Rising input costs, policy uncertainty and the perception of slowing reforms and banking sector uncertainty. Revenue leakage and low budget execution hinder basic service provision and infrastructure and hence productivity. The external environment may deteriorate due to uncertainty in global trade policy and commodity price volatility. The government has the reform tools to improve the outlook Implement the Myanmar Sustainable Development Plan Coordinate implementation and raise awareness of the Investment law and companies act to generate FDI and knowledge, and employment. Use evidence that ownership, firm size and stable electricity provision affect firm productivity. Access to credit is reported as improving, but the road to financial stability and inclusion will be bumpy.
3 The economy performed better in 2017/18 than 2016/17 The outlook remains positive, but risks have intensified Government reforms can raise the outlook and economic potential 3
4 Global conditions improved, providing a favorable environment Percent Real GDP Growth (Percent) World Advanced economies Emerging and developing economies e 2018f Source: World Bank Global Economic Prospects January
5 Myanmar capitalized on global recovery, but is losing its lead in the region. In developing East Asia and Pacific (EAP), economic growth strengthened slightly in average LAO CH MMR CAM VIET INDO MAL THA
6 April'17 May'17 June'17 July'17 Aug'17 Sept'17 Oct'17 Nov'17 Dec'17 Jan'18 Feb'18 Mar'18 A broad based a broad based pick up in growth. Real GDP growth and sector contribution Output, Employment, Price PMI 9% 8% 7% 6% 8.4% 8.0% 7.0% 5.9% 6.4% 6.8% 5% 4% 3% 2% 1% 0% -1% 2013/ / / / / /19F Agriculture Industry Services GDP production Output Employment Future output index
7 Share of GDP Share of GDP Strong export performance narrowed the trade and current account deficits, and FDI flows picked up to cover. Current account Financial Account 10% 5% 0% 2.0% 0.0% -2.0% -5% -4.0% -10% -15% -6.0% -8.0% -20% -25% Q3/2015 Q4/2015 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Q3/ % -12.0% Trade balance Services balance -14.0% Q3/2015 Q4/2015 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Q3/2017 Direct Invesment Portfolio Investment Primary income balance Current account Secondary income balance Other Investment Financial account
8 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Index: April 2017 = 100 USD billion Export growth led by natural gas prices which are volatile, garments and agriculture Natural gas exports: Quantities and prices Rice - Acceleration of exports and diversification of destinations (m tons) Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2013/ / / / /18 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014/ / / /18 Value Quantity Price Border Sea Total
9 yoy change Inflation fell on average, and within the year, before picking up in August, driven by food prices Inflation drivers 14% 12% 10% 8% 6% 4% 2% 0% CPI Food CPI Non Food CPI Headline
10 Actual fiscal deficit may be considerably lower than the budget Fiscal balances, Percent of GDP 2% 1.1% 1% 0.4% 0% -1.1% -1% -0.5% -2% -2.7% -1.1% -3% -3.9% -4% -2.2% -3.1% -4.7% -5% -4.3% -6% -5.8% PA PA PA RE 2014/ / / /18 Public Sector SEEs Union Government
11 The economy performed better in 2017/18 than 2016/17 The outlook remains positive, but risks have intensified Government reforms can raise the outlook and economic potential 12
12 Favorable medium-term economic outlook Real GDP growth (% change) CPI Inflation (end of period) Current account balance (% of GDP) Fiscal balance (% of GDP)
13 But downside risks have intensified Upside Downside External risks Domestic risks 14
14 The economy performed better in 2017/18 than 2016/17 The outlook remains positive, but risks have intensified Government reforms can raise the outlook and economic potential 15
15 Buttress macroeconomic stability MSDP offers the much-needed unifying and coherent roadmap for reforms Key fiscal priority for Myanmar: to break out of the cycle of low revenue and low and inefficient public spending Could consider a fiscal strategy to increase spending on critical priorities for growth, such as capital investments in energy and transport, and for inclusive development, such as on education and health Good progress in improving transparency in the extractives sector, however, more can be done under the Extractives Industry Transparency Initiative
16 Improve operating environment for the private sector Perception of bureaucratic inertia, centralized decision making, and emerging protectionism are bottlenecks to improving the operating environment for the private sector Coordination across government departments to implement recent new economic legislations (e.g., Company Law, Investment Law) Consider using indicators in Ease of Doing Business as measurable targets for reforms and establish a mechanism to monitor reform progress, and to facilitate consultations with the private sector. Further liberalize sectors: such as insurance and banking services for foreign investments along with implementation of prudential regulations Ministries to develop communication strategies for public outreach/coherence in message (policy reforms)
LAO ECONOMIC MONITOR APRIL 2017
LAO ECONOMIC MONITOR APRIL 2017 May-June 2017 1. Recent Economic Developments and Outlook 2. Health Sector Financing in Lao PDR 1. Recent Economic Developments Contents 1. Key findings 2. Growth and inflation
More informationIndonesia Economic Quarterly June 2017 Upgraded. Hans Anand Beck Acting Lead Economist, Indonesia
Indonesia Economic Quarterly June 2017 Upgraded Hans Anand Beck Acting Lead Economist, Indonesia June 15, 2017 Key Takeaways S&P upgrade acknowledged strong economic fundamentals and management. S&P returned
More informationChina Economic Outlook 2013
China Economic Outlook 2 Key Developments in Brief - Mild recovery of GDP growth: +8 8.5% - Construction and consumption as main drivers - Inflationary pressure to increase: +3% - Tight labor market and
More informationMacroeconomic and Financial Development: Mongolia
Macroeconomic and Financial Development: Mongolia WORKSHOPS ON SUPPORTING ASIA PACIFIC LLDCs AND BHUTAN IN MOBILIZING RESOURCES FOR THE SDGs 14 December 201 Current state of macroeconomic and financial
More informationZambia s Economic Outlook
Zambia s Economic Outlook F R A N C I S C H I P I M O D I R E C T O R E C O N O M I C S B A N K O F Z A M B I A Z A M B I A I N V E S T M E N T C O N F E R E N C E N O V E M B E R 4, 2 0 1 5 L O N D O
More informationDevelopment of Economy and Financial Markets of Kazakhstan
Development of Economy and Financial Markets of Kazakhstan National Bank of Kazakhstan Macroeconomic development GDP, real growth, % 116 112 18 14 1 113,5 11,7 216,7223,8226,5 19,8 19,8 19,3 19,619,7 199,
More informationEconomic activity gathers pace
Produced by the Economic Research Unit October 2014 A quarterly analysis of trends in the Irish economy Economic activity gathers pace Positive data flow Recovery broadening out GDP growth revised up to
More informationKASIKORNBANK. Investor Presentation. Monthly Economic Information By KASIKORN RESEARCH CENTER. June 2017
KASIKORNBANK Investor Presentation Monthly Economic Information By KASIKORN RESEARCH CENTER June 7 For further information, please contact Investor Relations Unit or visit our website at www.kasikornbankgroup.com
More informationRadu Mihai Balan, Edilberto L. Segura
April 15 GDP expanded by.9% yoy in 1, reaching EUR 15.7 billion. Industrial output expanded 1.% yoy in January, slowing down from 3.1% yoy in December. The consolidated budget deficit posted a.33% of GDP
More informationMONETARY POLICY COMMITTEE STATEMENT FOR THIRD QUARTER Governor s Presentation to the Media. 22 nd November, 2017
1 MONETARY POLICY COMMITTEE STATEMENT FOR THIRD QUARTER 2017 Governor s Presentation to the Media 22 nd November, 2017 INTRODUCTION 2 The presentation is structured as follows: 1. Decision of the Monetary
More informationEurozone Economic Watch. July 2018
Eurozone Economic Watch July 2018 Eurozone: A shift to more moderate growth with increased downward risks BBVA Research - Eurozone Economic Watch July 2018 / 2 Hard data improved in May but failed to recover
More informationEUROZONE ECONOMIC WATCH JANUARY 2017
EUROZONE ECONOMIC WATCH JANUARY 2017 Key messages: some changes for the better Improving confidence in across the board shows the resilience of the eurozone to the various potentially disturbing political
More informationChina Economic Update Q1 2015
Key Developments in Brief Economic development Growth drivers Risks GDP growth slows to 7. Slowdown challenging, but manageable More easing policies expected Reforms progressing slowly Services and retail
More informationEurozone Economic Watch. May 2018
Eurozone Economic Watch May 2018 BBVA Research - Eurozone Economic Watch / 2 Eurozone: more moderate growth with higher uncertainty The eurozone GDP growth slowed in more than expected. Beyond temporary
More informationPresentation to Chief Executive Officers of Commercial and Microfinance Banks Dr. Patrick Njoroge Governor, Central Bank of Kenya
Presentation to Chief Executive Officers of Commercial and Microfinance Banks Dr. Patrick Njoroge Governor, Central Bank of Kenya August 6, 2015 Outline 1. The Information basis for the MPC meeting 2.
More informationEurozone Economic Watch. February 2018
Eurozone Economic Watch February 2018 Eurozone: Strong growth continues in 1Q18, but confidence seems to peak GDP growth moderated slightly in, but there was an upward revision to previous quarters. Available
More informationEurozone Economic Watch. November 2017
Eurozone Economic Watch November 2017 Eurozone: improved outlook, still subdued inflation Our MICA-BBVA model for growth estimates for the moment a quarterly GDP figure of around -0.7% in, after % QoQ
More information1 RED June/July 2018 JUNE/JULY 2018
1 RED June/July 20 JUNE/JULY 20 2 RED June/July 20 MAJOR HIGHLIGHTS Headline consumer inflation grew by 4.9 per cent in June 20 compared to 4.8 per cent recorded in May 20 Inflation rate (% y/y) 4.9 (June)
More informationPoland s Economic Prospects
Poland s Economic Prospects Unicredit Conference Warsaw, June 8, 11 Mark Allen Senior IMF Resident Representative for Central and Eastern Europe Recovery is driven by domestic demand Contributions to Real
More informationEconomic Outlook Economic Intelligence Center 27 th November 2015
Economic Outlook 2016 Economic Intelligence Center 27 th November 2015 Global outlook Domestic outlook 2 In 2016, recovery pace in most regions are expected to pick up except for China Eurozone 2.0 1.5
More informationMonitorING Turkey ING BANK A.Ş. Further fiscal support in the Medium Term Plan. Emerging Markets 4 October 2017
q ING BANK A.Ş. ECONOMIC RESEARCH GROUP MonitorING Turkey October 17 Emerging Markets October 17 USD/TRY MonitorING Turkey Further fiscal support in the Medium Term Plan In 17, accelerated spending and
More information1. Macroeconomic Highlights
1. Macroeconomic Highlights ht Macroeconomic Highlights Resilient growth over the last 2 years, despite the global economic slowdown Banking industry robust with high level of CAR and low NPLN. In 2008
More informationCentral Bank of Seychelles
Central Bank of Seychelles Monetary Policy Decision Q3 2017 Media Presentation June 27, 2017 Evolution of Monetary Policy Pre-reform period Prior to the reforms in 2008, Seychelles implemented various
More informationGrowth Amidst Uncertainty
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized MYANMAR ECONOMIC MONITOR May 2018 Growth Amidst Uncertainty The Myanmar Economic Monitor
More informationEurozone Economic Watch. March 2018
Eurozone Economic Watch March 20 Eurozone Economic Watch March 20 Eurozone: The moderation of confidence continues We expect GDP growth to remain steady early this year supported mostly by strong global
More informationValentyn Povroznyuk, Radu Mihai Balan, Edilberto L. Segura
September 214 GDP grew by 1.2% yoy in Q2 214. Industrial output growth was equal to 1.4% yoy in June 214. The consolidated budget deficit narrowed to.2% of GDP in January-July 214. Consumer inflation slightly
More informationGlobal Economic Prospects: Navigating strong currents
Global Economic Prospects: Navigating strong currents Andrew Burns World Bank January 18, 2011 http://www.worldbank.org/globaloutlook Main messages Most developing countries have passed with flying colors
More informationEurozone. Economic Watch FEBRUARY 2017
Eurozone Economic Watch FEBRUARY 2017 EUROZONE WATCH FEBRUARY 2017 Eurozone: A slight upward revision to our GDP growth projections The recovery proceeded at a steady and solid pace in, resulting in an
More informationMexico Economic Outlook 3Q18. August 2018
Mexico Economic Outlook 3Q18 August 2018 Key messages Global growth continues, but risks are intensifying. The economy grew 2.1% in the first half of the year. Downward bias in our growth forecast for
More informationFigure 1. Nepal: Recent Fiscal Developments
Jul/Aug Aug/Sept Sept/Oct Oct/Nov Nov/Dec Dec/Jan Jan/Feb Feb/Mar Mar/Apr Apr/May May/Jun Jun/Jul Figure 1. : Recent Fiscal Developments Strong revenue growth combined with subdued capital spending kept
More informationEconomic Outlook: Global and India. Ajit Ranade IEEMA T & D Conclave December 12, 2014
Economic Outlook: Global and India Ajit Ranade IEEMA T & D Conclave December 12, 2014 Global scenario US expected to drive global growth in 2015 Difference from % YoY Growth October Actual October Projections
More informationBNM Maintains OPR at 3.25%, Hawkish About Economic Outlook
7 March 2018 ECONOMIC REVIEW March 2018 BNM MPC BNM Maintains OPR at 3.25%, Hawkish About Economic Outlook Overnight Policy Rate maintained at 3.25%. In line with our expectation, overnight policy rate,
More informationMONETARY POLICY COMMITTEE STATEMENT FOR FIRST QUARTER Governor s Presentation to the Media. 16 th May, 2018
1 MONETARY POLICY COMMITTEE STATEMENT FOR FIRST QUARTER 2018 Governor s Presentation to the Media 16 th May, 2018 INTRODUCTION 2 The presentation is structured as follows: 1. Decision of the Monetary Policy
More informationEurozone Economic Watch Higher growth forecasts for January 2018
Eurozone Economic Watch Higher growth forecasts for 2018-19 January 2018 Eurozone Economic Watch January 2018 Eurozone: Higher growth forecasts for 2018-19 Our MICA-BBVA model estimates a broadly stable
More informationViet Nam GDP growth by sector Crude oil output Million metric tons 20
Viet Nam This economy is weathering the global economic crisis relatively well due largely to swift and strong policy responses. The GDP growth forecast for 29 is revised up from that made in March and
More informationAfter the Rate Increase, What Then?
After the Rate Increase, What Then? Robert Eisenbeis, Ph.D. Vice Chairman & Chief Monetary Economist Bob.Eisenbeis@Cumber.com What the FOMC Did At Dec Meeting The Fed made the first step towards normalization
More informationChina Economic Outlook 2018 Feb 13, 2018
Feb 13, Key Developments in Brief Economic Development Drivers of Growth Risks Predicted GDP growth of 6.5% in In 2017 growth exceeded the official target Service and modern production grow faster than
More informationIndonesia: Building on Resilience and Prospering Amid Global Economic Uncertainty
Indonesia: Building on Resilience and Prospering Amid Global Economic Uncertainty 2016 Article IV Consultation Report on Indonesia John G. Nelmes IMF Senior Resident Representative for Indonesia Academic
More informationPrice and Inflation. Chapter-3. Global Inflation Scenario
Global Inflation Scenario. Higher energy prices lifted headline inflation rates in advanced, emerging market and developing economies in the first six months of. Core inflation (excluding food and energy
More informationMacro Research Economic outlook
Macro Research Economic outlook Macroeconomic Research Itaú Unibanco April 2017 Roadmap Global Economy The global outlook remains favorable Global growth positive momentum continues, with a synchronized
More informationTRENDS, DYNAMICS, AND CHALLENGES OF CAPITAL FLOWS TO FRONTIER MARKETS
HIGH-LEVEL CONFERENCE ON MANAGING CAPITAL FLOWS: LESSONS FROM EMERGING MARKETS FOR FRONTIER ECONOMIES MARCH 2, 2015, MAURITIUS TRENDS, DYNAMICS, AND CHALLENGES OF CAPITAL FLOWS TO FRONTIER MARKETS By Henry
More informationJapan Chart Book. 5 February 2014
Japan Chart Book 5 February Japan: Economic Forecast Dashboard Forecast highlights Real GDP growth forecast at. in and. in 5 Slower consumption in -5 but offset by improved exports and investment Gradual
More informationShort-term indicators and Updated Forecasts. Eurozone NOVEMBER 2016
Short-term indicators and Updated Forecasts Eurozone NOVEMBER 2016 EUROZONE WATCH NOVEMBER 2016 Key messages: resilience and unchanged projections The moderate pace of economic growth continued in the
More informationMongolia Monthly Economic Brief
Mongolia Monthly Economic Brief June 21 Mongolia s economic growth in Q1 21, slowed to.% (y/y), down from % in the previous quarter. Investment sharply contracted by 1.% from the same quarter a year ago,
More informationThe President s Report to the Board of Directors
The President s Report to the Board of Directors April 4, 214 Current Economic Developments - April 4, 214 Data released since your last Directors' meeting show the economy was a bit stronger in the fourth
More informationMyanmar Investment Climate: A Wave of Optimism Will it Last?
Myanmar Investment Climate: A Wave of Optimism Will it Last? Nay Pyi Taw, June 6, 2017 The Roland Berger Myanmar business survey of end-20 revealed high expectations among investors How do you think Myanmar's
More informationLeading Economic Indicator Nebraska
Nebraska Monthly Economic Indicators: December 20, 2017 Prepared by the UNL College of Business Administration, Bureau of Business Research Author: Dr. Eric Thompson Leading Economic Indicator...1 Coincident
More informationRussian Federation. Recent Economic Developments and Challenges. October 2015 IMF MOSCOW OFFICE
Russian Federation Recent Economic Developments and Challenges IMF MOSCOW OFFICE October 215 1 Outline Shocks affecting Russia s economy Policy Reaction: Monetary and Fiscal Policy Responses Current economic
More informationThe External Environment for Developing Countries
d Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized The External Environment for Developing Countries July 2009 The World Bank Development Economics Prospects Group
More informationMacro outlook March 2019
Macro outlook 219 March 219 Asia: Brace, brace Asia has started to loose some steam of late PMI manufacturing orders (3 mma) 54 53 52 51 5 49 48 47 46 Dec-11 Aug-12 Apr-13 Dec-13 Aug-14 Apr-15 Dec-15 Aug-16
More informationMonthly Economic Insight
Monthly Economic Insight Prepared by : TMB Analytics Date: 22 February 2018 Executive Summary Synchronized global economic growth continued to brighten global economic outlook and global trade outlook.
More informationPricing Considerations Cattle Pricing and Risk Management
Pricing Considerations Cattle Pricing and Risk Management Risk Market Outlook Profit Target or Breakeven Derrell S. Peel Agricultural Economics Department Cash High risk/highest return potential Bullish
More informationKBank Capital Markets Perspectives 29 February 2016
KBank Capital Markets Perspectives 29 February 2016 Thailand Economic Monitor and BoT Forecast : March 2016 Thailand s economy steadied in February, though domestic demand decelerated slightly from January
More informationFigure 1: Change in LEI-N August 2018
Nebraska Monthly Economic Indicators: September 26, 2018 Prepared by the UNL College of Business, Bureau of Business Research Author: Dr. Eric Thompson Leading Economic Indicator...1 Coincident Economic
More informationAsianBondsOnline WEEKLY DEBT HIGHLIGHTS
AsianBondsOnline WEEKLY 9 January 7 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets Consumer price inflation in Indonesia eased to.% year-on-year (y-o-y) in December from.6% y-o-y
More informationXML Publisher Balance Sheet Vision Operations (USA) Feb-02
Page:1 Apr-01 May-01 Jun-01 Jul-01 ASSETS Current Assets Cash and Short Term Investments 15,862,304 51,998,607 9,198,226 Accounts Receivable - Net of Allowance 2,560,786
More informationTrade Balance (LHS) Exports (RHS) Imports (RHS)
14,000 RM Million % change y-o-y 50.0 12,000 40.0 10,000 30.0 8,000 20.0 6,000 10.0 4,000 0.0 2,000 (10.0) 0 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16
More informationNIGERIA S ECONOMIC OVERVIEW
NIGERIA S ECONOMIC OVERVIEW Presented at the Plenary Session of UK-Nigeria Trade & Investment Forum By Senator Udoma Udo Udoma, CON Honourable Minister Ministry of Budget and National Planning 17 th April,2018
More informationThe Economic Context for Budget 2019
The Economic Context for Budget 219 1 October 218 Oliver Mangan Chief Economist AIB Steady global growth forecast but GDP (Vol Change) 217 218(f) 219(f) 22(f) World 3.7 3.7 3.7 3.7 Advanced Economies 2.3
More informationECONOMIC OUTLOOK. September, 2017 MINISTRY OF ECONOMY AND SUSTAINABLE DEVELOPMENT
ECONOMIC OUTLOOK September, 2017 MINISTRY OF ECONOMY AND SUSTAINABLE DEVELOPMENT CONTENTS GDP growth... 3 Potential Level of Economic Growth and GDP Gap... 3 Macroeconomic Environment in the Region...
More informationLeading Economic Indicator Nebraska
Nebraska Monthly Economic Indicators: September 20, 2017 Prepared by the UNL College of Business Administration, Bureau of Business Research Author: Dr. Eric Thompson Leading Economic Indicator...1 Coincident
More informationNIESR Monthly Estimates of GDP 9 March, GDP growth of 0.3 per cent in three months to February 2018 *For Immediate release*
Press Release GDP growth of 0.3 per cent in three months to February 2018 *For Immediate release* Our monthly estimates of GDP suggest that output growth slowed to 0.3 per cent in the 3 months to February
More informationKey developments and outlook
1/17 Key developments and outlook Economic growths in 2016 and 2017 remain close to the previous assessment. Better-than-expected merchandise exports and private consumption compensate for weaker-than-expected
More informationMarket and Economic Charts. Retail Fund Management Team Investec Asset Management
Market and Economic Charts Retail Fund Management Team Investec Asset Management 30 April 2010 Looking at Markets Global SA Economics Major Index Performance Major Index Performance Market Drivers Inflation
More information2016 Economic Outlook for Ireland & Eurozone IFP Launch
2016 Economic Outlook for Ireland & Eurozone IFP Launch December 3 rd 2015 Jim Power Global Background US & UK growing at reasonable pace Euro Zone growing well below potential Emerging markets in some
More information2017 FIRST QUARTER ECONOMIC REVIEW
2017 FIRST QUARTER ECONOMIC REVIEW MAY 2017 0 P a g e Overview The performance of the economy in the first quarter of 2017 was on a positive trajectory with annual growth projected to be about 3.9 % from
More informationGovernment Bond Market Development in Myanmar
Government Bond Market Development in Myanmar Daw Si Si Pyone Deputy Director General Treasury Department 11-8-2017 Ministry of Planning and Finance 1 Outlines I. Key Milestones in Development of Treasury
More informationMPC MARKET PERCEPTIONS SURVEY - MARCH
MPC MARKET PERCEPTIONS SURVEY - MARCH 2018 1 CONTENTS BACKGROUND......4 SURVEY METHODOLOGY......4 HIGHLIGHTS OF THE SURVEY.........4 INFLATION EXPECTATIONS....5 EXCHANGE RATE EXPECTATIONS...6 PRIVATE SECTOR
More informationNIESR Monthly Estimates of GDP 10 November, GDP growth of 0.5 per cent in the 3 months to October FOR IMMEDIATE RELEASE
Press Release GDP growth of 0.5 per cent in the 3 months to October FOR IMMEDIATE RELEASE Our monthly estimates of GDP suggest that output expanded by 0.5 per cent in the three months to October, slightly
More informationFinally, A Global Tailwind for U.S. Manufacturing Growth
Finally, A Global Tailwind for U.S. Manufacturing Growth MAPI Foundation Webinar December 12, 217 Cliff Waldman Chief Economist cwaldman@mapi.net Key Takeaways The global economic recovery is both strengthening
More informationMonthly Update of the ASEAN+3 Regional Economic Outlook (AREO)
Monthly Update of the ASEAN+3 Regional Economic Outlook (AREO) Special Edition ASEAN+3 Macroeconomic Research Office (AMRO) Singapore January 2018 This Monthly Update of the AREO was prepared by the Regional
More informationIndonesia Economic Quarterly Launch Jakarta, March 18, Jim Brumby Sector Manager and Lead Economist
Indonesia Economic Quarterly Launch Jakarta, March 18, 214 Jim Brumby Sector Manager and Lead Economist MARCH 214 IEQ: INVESTMENT IN FLUX Fixed investment: subdued, and risks Risks to fiscal space needed
More informationMonetary Policy in India
Monetary Policy in India Deepak Mohanty Executive Director Reserve Bank of India September 16, 2013 1 I. Objective(s) An Outline II. III. IV. Policy Framework Operating Procedure Outcome V. Conclusion
More informationHKU announces 2015 Q4 HK Macroeconomic Forecast
Press Release HKU announces 2015 Q4 HK Macroeconomic Forecast October 6, 2015 1 Overview The APEC Studies Programme of the Hong Kong Institute of Economics and Business Strategy at the University of Hong
More informationIndonesia Economic Outlook and Policy Challenges
Indonesia Economic Outlook and Policy Challenges Daniel A. Citrin Asia and Pacific Department, IMF April 3, 28 Global Financial Stability Map: risks have risen; conditions have deteriorated October 27
More informationRegional Economic Outlook
Regional Economic Outlook Caucasus and Central Asia Azim Sadikov International Monetary Fund Resident Representative November 6, 2013 Outline Global Outlook CCA: Recent Developments, Outlook, and Risks
More informationNIESR Monthly GDP Tracker 10 December, NIESR MONTHLY GDP TRACKER: December Latest data confirm slowdown in UK economic growth.
Press Release NIESR MONTHLY GDP TRACKER: December 2018 Latest data confirm slowdown in UK economic growth Figure 1: UK GDP growth (3 months on previous 3 months, per cent) 0.8 0.7 0.6 0.4 0.3 0.2 0.1 0
More informationLeading Economic Indicator Nebraska
Nebraska Monthly Economic Indicators: July 29, 2016 Prepared by the UNL College of Business Administration, Department of Economics Authors: Dr. Eric Thompson, Dr. William Walstad Leading Economic Indicator...1
More informationRecent Economic Developments, Program Discussions and Technical Assistance 1 Mozambique
Recent Economic Developments, Program Discussions and Technical Assistance 1 Mozambique Presentation to Donor Coordination Platform Ari Aisen April 6, 2017 1 This document has been prepared to elicit a
More informationEurozone Economic Watch
BBVA Research - Global Economic Watch December 2018 / 1 Eurozone Economic Watch December 2018 Eurozone GDP growth still slows gradually, but high uncertainty could take its toll GDP growth could grow by
More informationINDONESIA ECONOMIC QUARTERLY MARCH 2013
INDONESIA ECONOMIC QUARTERLY MARCH 213 PRESSURES MOUNTING Jim Brumby, PREM Sector Manager & Lead Economist Paramadina Public Policy Institute, March 213 www.worldbank.org/id MARCH 213 IEQ LAUNCH PRESENTATION
More informationNIESR Monthly GDP Tracker 11 February, NIESR MONTHLY GDP TRACKER: February UK economy weaker than expected in December
Press Release NIESR MONTHLY GDP TRACKER: February 2019 UK economy weaker than expected in December Figure 1: UK GDP growth (3 months on previous 3 months, per cent) 0.8 0.7 0.6 0.4 0.3 0.2 0.1 0-0.1 2018
More informationEurozone Economic Watch. April 2018
Eurozone Economic Watch April 2018 Eurozone: solid growth and broadly unchanged projections, with protectionist risks BBVA Research - Eurozone Economic Watch / 2 Confidence has weakened in 1Q18 since the
More informationOTHER DEPOSITS FINANCIAL INSTITUTIONS DEPOSIT BARKAT SAVING ACCOUNT
WEIGHTAGES JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC ANNOUNCEMENT DATE 19.Dez.14 27.Jän.15 24.Feb.15 26.Mär.15 27.Apr.15 26.Mai.15 25.Jun.15 28.Jul.15 26.Aug.15 23.Sep.15 27.Okt.15 25.Nov.15 MUDARIB
More informationNBS MoNthly BulletiN december 2016
Published by: Národná banka Slovenska Address: Národná banka Slovenska Imricha Karvaša 1, 813 5 Bratislava Slovakia Contact: +1//5787 1 http://www.nbs.sk Discussed by the Bank Board on December 1. All
More informationMonetary Policy: A Key Driver for Long Term Macroeconomic Stability
Monetary Policy: A Key Driver for Long Term Macroeconomic Stability Julio Velarde Governor Central Bank of Peru March 2016 Agenda 1. Peru s growth is based on strong fundamentals 2. Recent economic developments
More informationMARKET ANALYSIS REPORT NO 1 OF 2015: ONION
MARKET ANALYSIS REPORT NO 1 OF 215: ONION 1. INTRODUCTION The purpose of this text is to analyze the onion marketing environment. This analysis will be updated on a quarterly basis. The interval covered
More informationSpheria Australian Smaller Companies Fund
29-Jun-18 $ 2.7686 $ 2.7603 $ 2.7520 28-Jun-18 $ 2.7764 $ 2.7681 $ 2.7598 27-Jun-18 $ 2.7804 $ 2.7721 $ 2.7638 26-Jun-18 $ 2.7857 $ 2.7774 $ 2.7690 25-Jun-18 $ 2.7931 $ 2.7848 $ 2.7764 22-Jun-18 $ 2.7771
More informationLeading Economic Indicator Nebraska
Nebraska Monthly Economic Indicators: August 19, 2016 Prepared by the UNL College of Business Administration, Department of Economics Authors: Dr. Eric Thompson, Dr. William Walstad Leading Economic Indicator...1
More informationInflation Report. July September 2012
July September 1 November 7, 1 1 Outline 1 External Conditions Economic Activity in Mexico 3 Monetary Policy and Inflation Determinants Forecasts and Balance of Risks External Conditions The growth rate
More informationMongolia Selected Macroeconomic Indicators September 19, 2013
Mongolia Selected Macroeconomic Indicators September 19, 13 For further information, please contact: SSelenge@imf.org Jan-8 May-8 Sep-8 Jan-9 May-9 Sep-9 Jan-1 May-1 Sep-1 May-11 Sep-11 May-1 Sep-1 May-13
More informationIndian Economy. GDP growth slowed down but remained above the comfortable 7% Manufacturing GVAbp
Indian Economy Economic Growth GDP growth slowed down but remained above the comfortable 7% Domestic economy witnessed 7.1% GDP growth during the first quarter (Apr - Jun) of fiscal 2016-17 (Q1FY17) as
More informationMonetary Policy Report
CENTRAL BANK OF THE GAMBIA Monetary Policy Report November 20 The Central Bank of The Gambia Monetary Policy Report provides summary of reports presented at the Monetary Policy Committee Meeting. It entails
More informationSnapshot of SA Economy
Snapshot of SA Economy Kgotso Radira 1 September 29 Economic Outlook Global share indices 2 Indices 18 16 14 12 1 8 6 4 25 26 27 28 29 S&P 5 FTSE 1 DAX Nikkei 3 Global interest rates 7 % 6 5 4 3 2 1 1999
More informationRecent Economic Developments
REPUBLIC OF INDONESIA Recent Economic Developments January, 2010 Published by Investors Relations Unit Republic of Indonesia Address Bank Indonesia International Directorate Investor Relations Unit Sjafruddin
More informationADVANCE COMMENTARY NUMBER 930-A. December Labor, Private Surveying and M3, November Trade Deficit and Construction Spending January 5, 2018
ADVANCE COMMENTARY NUMBER 93-A December Labor, Private Surveying and M3, November Trade Deficit and Construction Spending January 5, 28 Annual Household Survey Revisions Were Negligible for Headline U.3,
More informationFrom Stability to Prosperity for All
From Stability to Prosperity for All March 2012 PQU Press Presentation Rogier van den Brink, Lead Economist Karl Kendrick Chua, Country Economist Poverty Reduction and Economic Management (PREM) Unit World
More informationIndonesia Economic Quarterly: October 2012 Maintaining resilience
Indonesia Economic Quarterly: October 1 Maintaining resilience Ndiame Diop Lead Economist & Economic Advisor, Indonesia World Bank October 15, 1 Paramadina Public Policy Institute www.worldbank.org/id
More informationMONETARY POLICY COMMITTEE STATEMENT FOR THIRD QUARTER Governor s Presentation to the Media. 16 th November, 2016
1 MONETARY POLICY COMMITTEE STATEMENT FOR THIRD QUARTER 2016 Governor s Presentation to the Media 16 th November, 2016 INTRODUCTION 2 This presentation is structured as follows: 1. Decision of the Monetary
More informationRussia: Macro Outlook for 2019
October 2018 Russia: Macro Outlook for 2019 Natalia Orlova Head of Alfa Bank Macro Insights +7 495 795 36 77 norlova@alfabank.ru Egypt Saudi Arabia Brazil S. Africa UAE Iraq China Japan US Mexico UK Russia
More information