The economy continues to experience slowing growth from 5,07% (yoy) in Q2-2019 to 5,02% (yoy) in Q3-2019. Similar performance is likely to occur in Q4-2019. Amidst the global economic slowdown, the manufacturing sector experienced improvement in Q3-2019 (4,15%) after two consecutive slower growths in 1H-2019. This may be a good sign for further acceleration in 2020. On the other hand, consumption declined due to weakening spending amid increasing global uncertainty.
MACROECONOMIC ANALYSIS SERIES: Quarterly Economic Outlook, Quarter I-2020
February 4, 2020
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