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Philippines Economic Update, April 2018 : Investing in the Future.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank.
- Series:
- Economic Updates and Modeling.
- World Bank e-Library.
- Economic Updates and Modeling
- Language:
- English
- Subjects (All):
- Business Cycles and Stabilization Policies.
- Economic Forecasting.
- Economic Growth.
- Employment.
- Exchange Rates.
- Fiscal and Monetary Policy.
- Inequality.
- Labor Market.
- Labor Markets.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Poverty.
- Poverty Reduction.
- Risk Management.
- Social Protections and Labor.
- Wages.
- Local Subjects:
- Business Cycles and Stabilization Policies.
- Economic Forecasting.
- Economic Growth.
- Employment.
- Exchange Rates.
- Fiscal and Monetary Policy.
- Inequality.
- Labor Market.
- Labor Markets.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Poverty.
- Poverty Reduction.
- Risk Management.
- Social Protections and Labor.
- Wages.
- Other Title:
- Philippines Economic Update, April 2018
- Place of Publication:
- Washington, D.C. : The World Bank, 2018.
- System Details:
- data file
- Summary:
- In 2017, the Philippines was among the top three growth performers in the East Asia region. Only Vietnam and China performed better. The Philippines growth performance slightly weakened in 2017 to 6.7 percent year-on-year from 6.9 percent in 2016. Growth was anchored in strong exports, while investment growth significantly slowed and consumption growth moderated. The Philippines' annual exports rose sharply in 2017 and became the main engine of economic growth, while imports continued to grow by double-digits. Investment growth slowed in 2017, following two consecutive years of rapid expansion, and climbing inflation slowed real wage growth and contributed to a moderation in private consumption growth.
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