Philippines Monthly Economic Developments (May 2023) (English)

Amid a sluggish external environment, robust domestic demand supported economic activity in Q1 2023 despite high inflation and rising interest rates. The healthy labor market, adequate liquidity, and increased bank lending were the key supporting factors. Manufacturing activity continued to slow, as goods exports remained weak in March 2023. Headline inflation cooled for the third consecutive month in April, though core inflation remained sticky amid...

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Author

Chua,Kevin C.;

Enriquez,Karen Annette Lazaro;

Santos,Eduard Renzo;

Garces,Ludigil Laborte;

Benedicto,Patrizia Secuya;

Tatucu,Radu;

Revilla,Ma Laarni Dilla;

Van Doorn,Ralph;

Moller,Lars Christian;
Document Date
2023/05/01
Document Type
Newsletter
Report Number
182388
Volume No
1
Country
Philippines,
Region
East Asia and Pacific,
Disclosure Date
2023/05/30
Disclosure Status
Disclosed
Doc Name
Philippines Monthly Economic Developments (May 2023)

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Chua,Kevin C.; Enriquez,Karen Annette Lazaro; Santos,Eduard Renzo; Garces,Ludigil Laborte; Benedicto,Patrizia Secuya; Tatucu,Radu; Revilla,Ma Laarni Dilla; Van Doorn,Ralph; Moller,Lars Christian.

Philippines Monthly Economic Developments (May 2023) (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099315405302390771

Philippines Monthly Economic Developments (May 2023) (English)

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