Philippines Economic Update, April 2018 : Investing in the Future
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....
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/708241523887258262/Philippines-economic-update-investing-in-the-future http://hdl.handle.net/10986/29725 |
| Summary: | 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. |
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