Growth in the first half of 2017 rose to 4.2% on expansion in extractive industries and higher oil and metal prices. Inflation slowed to 7.7%. With a stable external environment and recovering oil production, growth forecasts are raised to 2.7% for 2017 and 3.0% for 2018, while inflation forecasts are maintained at 8.0% and 7.0%. Projected current account deficits are widened to 4.5% for 2017 and 3.5% for 2018 as higher private consumption raises forecasts for imports. Read more from Asian Development Outlook 2017 Update
Note: GDP growth rate forecasts for 2017 and 2018.