TAILIEUCHUNG - Macroeconomic Management phần 9

mặc dù tư nhân xây dựng đã giảm. Sản xuất từ ngành công nghiệp khai thác mỏ khá nhỏ tăng khoảng 20% trong năm 2009. Nông nghiệp, đại diện cho một phần suy giảm của GDP nhưng vẫn chiếm một phần ba số việc làm, phải chịu đựng những cơn bão nhiệt đới khắc nghiệt, | 218 Asian Development Outlook 2010 electronic products and clothing a major factor. Public construction increased as the fiscal stimulus was launched though private construction fell. Production from the fairly small mining industry rose by about 20 in 2009. Agriculture representing a declining share of GDP but still accounting for one-third of employment suffered from severe tropical storms which reduced rice output by nearly 14 in the fourth quarter from the year-earlier period. Overall agricultural output was flat for the year. Employment grew mainly in services but fell short of the million increase in the labor force so that the unemployment rate rose to in 2009 the rate of underemployment was . Pressure on under- and unemployment was mitigated to some extent by the deployment of about million workers overseas in the first 11 months of 2009 12 higher than the prior-year period. Lower international prices for oil and commodities coupled with the soft domestic demand pulled down consumer prices Figure so that inflation averaged in 2009. It picked up to in December on the back of rising prices for oil and for food owing to weather damage to agriculture . The slump in global trade cut merchandise exports by just over 22 to billion the lowest value since 2003. Exports of electronic goods and clothing were particularly affected. Merchandise imports fell by about 24 to billion reflecting the weakness in exports materials for manufactured exports are imported and in investment and lower prices for oil and commodities. By November though trade grew on a year-on-year basis Figure from a low base in the prior-year month. In the last 2 months of 2009 the rebound in exports was driven by electronics that in imports by capital goods materials for manufactured exports and higher oil prices. With the fall in the value of merchandise imports outpacing that of exports the trade deficit shrank. The current account recorded a large

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