6
FRIDAY, AUGUST 23, 1991
HOWEVER, AS OVERALL DEMAND IN THE ECONOMY CONTINUES TO INCREASE THERE WILL BE GREATER PRESSURES ON RESOURCES,
ALSO,
IN CENTRAL
THE DROUGHT IN SOUTH CHINA AND THE FLOODING
RISE CONSUMER PRICE THUS AND EAST CHINA OVER THE PAST MONTH OR SO HAVE LED TO A TEMPORARY IN THE PRICES OF CERTAIN ESSENTIAL FOODSTUFFS. INFLATION IS LIKELY TO EASE MORE GRADUALLY THAN ENVISAGED EARLIER.
A
FROM
AFTER
ON THE GDP DEFLATOR, THE RATE OF INCREASE HAS DECELERATED
LEVEL SINCE THE SECOND QUARTER OF LAST YEAR. DOUBLE-DIGIT REVIEWING ITS VARIOUS PRICE COMPONENTS, THE EARLIER FORECAST OF A 9.5% INCREASE FOR 1991 IS REVISED DOWNWARD TO 9%.
THE
HALF-YEARLY ECONOMIC
REPORT 1991 WILL
BE ON SALE ON FLOOR, 27 AUGUST 1991 AT THE GOVERNMENT PUBLICATIONS CENTRE, GROUND GENERAL POST OFFICE BUILDING, CONNAUGHT PLACE, CENTRAL, AT $30 A COPY.
FORECAST FOR 1991
AS RELEASED ON
24.5.1991 tx}
CURRENT UPDATE
RELEASED ON 23.8.1991
(%)
GROWTH RATE IN REAL TERMS OF
REAL ESTATE DEVELOPERS' MARGIN
PRIVATE CONSUMPTION EXPENDITURE GOVERNMENT CONSUMPTION EXPENDITURE GROSS DOMESTIC FIXED CAPITAL FORMATION
TRANSFER COSTS OF LAND AND BUILDINGS BUILDING AND CONSTRUCTION
PRIVATE PUBLIC
3.5
5
6
6
5.
7.4
7
14
5
6.7
5.3
5.5
6
5
8
6.
5
6
9.3
PLANT, MACHINERY AND EQUIPMENT
4.5
4
9
PRIVATE
20
20
PUBLIC
10.3
TOTAL EXPORTS OF GOODS
DOMESTIC EXPORTS
RE-EXPORTS
IMPORTS OF GOODS
2.5
15
10.7
12.4
1.5
19 14.6
EXPORTS OF SERVICES
5
6
IMPORTS OF SERVICES
7.5
GROSS DOMESTIC PRODUCT (GDP)
3.5
4
PER CAPITA GDP
2.4
2.9
GROWTH RATE IN MONEY TERMS OF :
GDP
13.3
13.4
PER CAPITA GDP
12.1
12.1
RATE OF INCREASE IN :
9.5
9
10.5
9.3 12
GDP DEFLATOR
DOMESTIC DEMAND DEFLATOR CONSUMER PRICE INDEX (A)
11
17