Employment
Diverse Employment Growth
The economy is likely to grow this fiscal year, due to a low base effect from last year’s dismal economic
performance and the stimulus received from federal disaster relief funding.
Our panelists forecast that GNP will expand 4.3% in FY 2019, which is unchanged from last month’s estimate,
and 3.0% in FY 2020.
GDP Manufacturing Sector
Bio Pharma /Life Science
Computer and Electronics
20.2%
Basic Chemicals 19.8%
Medical Devices 5.4%
Beverages & Tobacco 3.1%
Food 2.4%
Electrical Equipment &
Components
Others
6
44.6%
1.4%
3.1%
Top 5 employment sectors
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Trade, Transportation & Utilities
Professional & Business Services
Education & Health Services
Government
Leisure & Hospitality
Emerging industries
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High technology
Manufacturing
Bioscience research
Advanced business services