Growth slowed to 6.0% in the first half of 2017 from 6.5% in the same period of 2016. Industry expanded by 21.3%, up from 12.1% a year earlier on gains of 26.3% in mining, 20.9% in manufacturing, and 16.2% in electricity generation. Primary aluminum output fell by nearly a third because of unstable global prices and damage to several production facilities from a power outage in October 2016, but gold and silver extraction jumped by 70%. Retail trade and services recovered by 3.6% despite low remittances because of earlier recession in the Russian Federation. Favorable weather maintained expansion in agriculture at 6.4%. Meanwhile, capital investment fell by 17.2%, reflecting a 12.6% drop in private sector credit in the first half of 2017 caused by weak demand and continued financial sector problems. Read more from Asian Development Outlook 2017 Update
Note: GDP growth rate forecasts for 2017 and 2018.