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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2023/05/01
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Boletim
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182388
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1
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2023/05/30
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Disclosed
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Philippines Monthly Economic Developments (May 2023)
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