Most forward-looking indicators and a strong labor market suggest near-term expansion although manufacturing exports weakened. Sustained disinflation has allowed the Bangko Sentral ng Pilipinas (BSP) to further reduce interest rates. However, shifting expectations about US monetary policy easing have increased financial market volatility. Higher non-tax revenues have created more fiscal space, but enacting pending priority tax measures remains crucial...
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2024/10/31
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194455
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2024/10/31
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Disclosed
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Philippines Monthly Economic Developments (October 2024)
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