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Philippines Monthly Economic Developments (November 2018) (English)

This newsletter includes the following headlines: Philippine economic growth moderated to 6.1 percent year-to-year in the third quarter; The services sector drove economic growth while the agriculture sector underperformed; While manufacturing growth slowed in September, it is projected to accelerate in the next few month; A surge in imports and a contraction in exports resulted in the widest merchandise trade gap so far in 2018; Headline inflation held steady in October while food inflation moderated for the first time since May; The Philippine peso appreciated 1-2 percent month-on-month in October from Php/USD 54.25 to Php/USD 53.61; The fiscal deficit widened in the first three quarters of 2018. as rapid expenditure growth outpaced revenue growth. ... See More +

Newsletter 132260 NOV 01, 2018

Qian,Rong; Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Lazaro,Karen Annette Ducat; Endo,Isaku; Diop,Ndiame Disclosed

Growth and Productivity in the Philippines : Winning the Future (English)

To achieve the AmBisyon Natin 2040, the Philippines needs to triple its income per capita in the next two decades. The AmBisyon Natin 2040 is the government’s plan to transform the country into a prosperous middle-class society free of poverty by 2040. ... See More +

Working Paper 130056 SEP 01, 2018

Qian,Rong; Warwick,Mara K.; Diop,Ndiame; Hansl,Birgit; Cruz,Kevin Thomas Garcia; Bruckner,Markus; Chua,Kevin C.; Hguyen,Ha; Lazaro,Karen Annette Ducat; Galang,Roberto Martin Nolan; Garcia,Andres F.; Miralles,Graciela; Iootty,Mariana; Pennings,Steven Michael; Guzman,Jorge P.; Kim,Young Eun; Devadas,Sharmila Disclosed

Philippines Monthly Economic Developments (September 2018) (English)

This newsletter includes the following headlines: Philippine Stock Exchange index (PSEi) declined significantly in the first week of September 2018 due to a mix of external and domestic factors; the Philippine peso depreciated in August after strengthening in July; headline inflation surged in August with increased food and energy prices; Balance of payment deficit widened in the first half of 2018 reaching 2.1 percent of GDP from 0.5 percent of GDP same period in 2017; the government posted a fiscal deficit in July as public spending growth outpaced revenue growth; unemployment declined further in July 2018, but underemployment continued to worsen; consumer confidence turned negative for the first time in two years and business confidence fell to its lowest since 2009 ... See More +

Newsletter 129959 SEP 01, 2018

Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Endo,Isaku; Qian,Rong; Hansl,Birgit Disclosed

Philippines monthly economic developments (July 2018) (English)

The World Bank maintains its growth projection for the Philippines at 6.7 percent for 2018 and 2019. The Philippine Stock Exchange index (PSEi) contracted in June for the fifth consecutive month. ... See More +

Newsletter 128374 JUL 01, 2018

Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Endo,Isaku; Qian,Rong; Hansl,Birgit; Diop,Ndiame Disclosed

Philippines economic update : investing in the future (English)

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. ... See More +

Working Paper 125309 APR 01, 2018

Hansl,Birgit; Diop,Ndiame; Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Qian,Rong; Endo,Isaku; Demombynes,Gabriel; Luo,Xubei; Piza,Sharon Faye Alariao Disclosed

Philippines economic update : preserving consistency and policy commitment (English)

The Philippines Economic Update (PEU) summarizes key economic and social developments, important policy changes, and the evolution of external conditions over the past six months. ... See More +

Working Paper 120239 OCT 01, 2017

Hansl,Birgit; Diop,Ndiame; Chua,Kevin C.; Cruz,Kevin Thomas Garcia Disclosed

East Asia and Pacific economic update : sustaining resilience (English)

Growth in developing East Asia and Pacific (EAP) continues to be resilient and in line with previous expectations. Already robust domestic demand has been supported by some pickup in external demand and the gradual recovery in commodity prices. ... See More +

Publication 116330 APR 01, 2017

Vashakmadze,Ekaterine T.; Kehayova,Vera Vencheva; Moroz,Harry Edmund; Testaverde,Mauro; Cassou,Emilie; Jaffee,Steven M.; Ru,Jiang; Stamm,Diane; Adriani,Magda; Ariyapruchya,Kiatipong; Badiani-Magnusson,Reena Chandu; Batsuuri,Davaadalai; Beck,Hans Anand; Castaneda Aguilar,Raul Andres; Chen,Shaohua; Chen,Derek Hung Chiat; Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Davading,Somneuk; Demombynes,Gabriel; Dewina,Reno; Dinh,Viet Tuan; Eckardt,Sebastian; Edwards,Kim Alan; Fitrani,Fitria; Freije-Rodriguez,Samuel; Halstead,Imogen Cara; Vu,Linh Hoang; Kida,Mizuho; Kim,Jae Kyun; Knight,David Stephen; Krishnan,Nandini; Kularatne,Chandana; Lain,Jonathan William; Lee,Taehyun; Litwack,John; Luo,Xubei; Ly,Sodeth; Martin, Miguel; Mejia-Mant, Carolina; Mileva,Elitza Alexandrova; Mohib,Saiyed Shabih Ali; Moreno Herrera,Laura Liliana; Munoz Moreno,Rafael; Najdov,Evgenij; Nguyen,Minh Cong; Pan,Lucy; Phimmahasay,Keomanivone; Pimhidzai,Obert; Piza,Sharon Faye Alariao; Purnamasari,Ririn Salwa; Rab,Habib Nasser; Revilla,Julio E.; Orton Romero,Carlos Rafael; Teh Sharifuddin,Shakira Binti; Sharma,Manohar; Shiilegmaa,Altantsetseg; Simler,Kenneth; Stephan,David Andrew; Tong,Kimsun; Zin,May Thet; Uochi,Ikuko; Utz,Robert Johann; Wai-Poi,Matthew Grant; Wihardja,Maria Monica; Yang,Judy; Yee Amezaga,Karla Mirari; Zhao,Luan Disclosed

Philippines monthly economic developments (December 2016) (English)

This newsletter includes the following headings: the World Bank upgraded the Philippines growth projection for 2016 from 6.4 percent to 6.8 percent, and for 2017 from 6.2 percent to 6.9 percent, given higher-than-expected third quarter growth and improved outlook assumptions; in October, manufacturing activities continued to expand, pushing utilization levels near full capacity; remittances remain a key growth driver as both personal and cash remittances reached their highest levels so far; prospect of an interest rate hike by the US Federal Reserve resulted in losses in the local stock index and contributed to a weakening peso; inflation inched up further in November driven by increasing food and utility prices; the banking system continues its expansion through strong credit growth, and Philippine banks received a stable outlook rating from fitch ratings on December 8; the fiscal balance weakened in January-October as expenditure growth continued to outstrip revenue growth. ... See More +

Newsletter 111049 DEC 01, 2016

Hansl,Birgit; Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Mylenko,Nataliya Disclosed

Philippines monthly economic developments (November 2016) (English)

This newsletter includes the following headings: the World Bank Philippines’ growth outlook is positive with upside risks; in September, manufacturing activities continued to expand with several sectors working close to full capacity; the banking system shows ample liquidity and strong credit growth; October headline inflation was steady while food inflation inched up further impacted by adverse weather conditions; the national government deficit widened in January-September as expenditure growth outpaced revenue growth; and poverty fell significantly in 2015, as improved employment outcomes, incomes, and social welfare programs lifted 1.8 million Filipinos out of poverty since 2012. ... See More +

Newsletter 110260 NOV 01, 2016

Hansl,Birgit; Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Mylenko,Nataliya Disclosed