Philippines Economic Update, April 2018

• Ngôn ngữ: eng
• Ký hiệu phân loại: 181.17 *Philippines
• Thông tin xuất bản: World Bank, Washington, DC, 2018
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 320699
• Chủ đề: 1. ECONOMIC GROWTH; 2. ECONOMIC OUTLOOK; 3. EXCHANGE RATES; 4. EXPORTS; 5. FISCAL TRENDS

Tóm tắt

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.