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policies, and lower financing costs. Historically, the Philippines have been exposed to considerable fiscal risks, in part … abated, they still remain sizeable in the Philippines. To improve its risk management, the government is pursuing a program …
Persistent link: https://www.econbiz.de/10012247603
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The Philippines' economic growth outlook remains positive, yet downside risks have increased. An expected slowdown in … trade tensions, could not only worsen external financing conditions for emerging market economies like the Philippines but …
Persistent link: https://www.econbiz.de/10012645643
The Philippine economy contracted by 10.0 percent, year-on-year, in the first three quarters of 2020, given the triple shock brought by the Coronavirus disease (COVID-19) pandemic. COVID-19 delivered a triple shock of a health crisis, strict containment measures, and a global recession of...
Persistent link: https://www.econbiz.de/10012647696
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The Philippines economy posted robust growth in early 2010, in part due to large one-off factors. As did many countries … in the region, the Philippines benefited from a strong rebound in global trade. Manufacturing and investment activity … accommodative. A World Bank study of Philippines migration pattern during the global recession reveals that deployment of overseas …
Persistent link: https://www.econbiz.de/10012247380
The Philippine economy grew slower than expected at 3.7 percent in 2011, held back by weak public spending and external demand. In the fourth quarter (Q4), growth slightly improved at 3.7 percent. As in past quarters, growth was driven by remittance-fueled household consumption, which grew by...
Persistent link: https://www.econbiz.de/10012248037
The Philippine economy remained resilient to global headwinds in 2016. While a slower-than-expected global recovery weakened net exports, surging domestic demands pushed the annual GDP growth rate to 6.8 percent, year-on-year. Investment drove economy-wide growth for the first time since 2013,...
Persistent link: https://www.econbiz.de/10012248195
Previous Poverty and Shared Prosperity reports have conveyed the difficult message that the world is not on track to meet the global goal of reducing extreme poverty to 3 percent by 2030. This edition brings the unwelcome news that COVID-19, along with conflict and climate change, has not merely...
Persistent link: https://www.econbiz.de/10012644321
Jim Yong Kim, President of the World Bank Group discusses the opportunity to create a world free from the stain of poverty and economic exclusion. He states that the environmental challenge is a fundamental threat to economic development and the fight against poverty in the world. He believes...
Persistent link: https://www.econbiz.de/10012644641