The outlook for growth and inflation is unchanged from the Asian Development Outlook 2017, but unexpectedly strong petroleum income and an updated GDP series prompt lower projections for current account deficits. While public spending remains the key economic driver, presidential and parliamentary elections have had little evident impact on budget execution in 2017. Government spending excluding development partner grants was down by 11.2% year on year in January–July, but this was largely a planned slowdown in disbursements for capital works. Read more from Asian Development Outlook 2017 Update
Note: GDP growth rate forecasts for 2017 and 2018.