Philippines Monthly Economic Developments : August 2022

The Philippine economy expanded by 7.4 percent in the second quarter of 2022, anchored on robust domestic activity. The strong domestic environment stood in contrast with the weak external conditions which led to the modest growth in manufacturing...

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Main Author:	World Bank
Format:	Brief
Language:	English English
Published:	Washington, DC 2022
Subjects:	DOMESTIC ECONOMIC ACTIVITY MANUFACTURING AND EXPORT GROWTH FUEL SUBSIDIES COUNTER INFLATION MEASURES MACROECONOMICS AND ECONOMIC GROWTH ECONOMIC MONITORING MONTHLY REPORT
Online Access:	http://documents.worldbank.org/curated/en/099538208192281213/IDU0eb2656c505ed004f710816d0a47543cf5d2f http://hdl.handle.net/10986/37905

id	okr-10986-37905
recordtype	oai_dc
spelling	okr-10986-379052022-08-23T05:10:38Z Philippines Monthly Economic Developments : August 2022 World Bank DOMESTIC ECONOMIC ACTIVITY MANUFACTURING AND EXPORT GROWTH FUEL SUBSIDIES COUNTER INFLATION MEASURES MACROECONOMICS AND ECONOMIC GROWTH ECONOMIC MONITORING MONTHLY REPORT The Philippine economy expanded by 7.4 percent in the second quarter of 2022, anchored on robust domestic activity. The strong domestic environment stood in contrast with the weak external conditions which led to the modest growth in manufacturing and exports. In July, headline inflation further accelerated due to rising food and energy prices, and second-round effects from high fuel cost. To address inflation, the authorities have raised its key policy rates, rolled out fuel subsidy to vulnerable groups including public utility jeepney drivers and operators, farmers and fisherfolks, and provided cash transfers to poor households. 2022-08-22T16:33:18Z 2022-08-22T16:33:18Z 2022-08 Brief http://documents.worldbank.org/curated/en/099538208192281213/IDU0eb2656c505ed004f710816d0a47543cf5d2f http://hdl.handle.net/10986/37905 English en CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Knowledge Notes :: Miscellaneous Knowledge Notes East Asia and Pacific Philippines
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English English
topic	DOMESTIC ECONOMIC ACTIVITY MANUFACTURING AND EXPORT GROWTH FUEL SUBSIDIES COUNTER INFLATION MEASURES MACROECONOMICS AND ECONOMIC GROWTH ECONOMIC MONITORING MONTHLY REPORT
spellingShingle	DOMESTIC ECONOMIC ACTIVITY MANUFACTURING AND EXPORT GROWTH FUEL SUBSIDIES COUNTER INFLATION MEASURES MACROECONOMICS AND ECONOMIC GROWTH ECONOMIC MONITORING MONTHLY REPORT World Bank Philippines Monthly Economic Developments : August 2022
geographic_facet	East Asia and Pacific Philippines
description	The Philippine economy expanded by 7.4 percent in the second quarter of 2022, anchored on robust domestic activity. The strong domestic environment stood in contrast with the weak external conditions which led to the modest growth in manufacturing and exports. In July, headline inflation further accelerated due to rising food and energy prices, and second-round effects from high fuel cost. To address inflation, the authorities have raised its key policy rates, rolled out fuel subsidy to vulnerable groups including public utility jeepney drivers and operators, farmers and fisherfolks, and provided cash transfers to poor households.
format	Brief
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Philippines Monthly Economic Developments : August 2022
title_short	Philippines Monthly Economic Developments : August 2022
title_full	Philippines Monthly Economic Developments : August 2022
title_fullStr	Philippines Monthly Economic Developments : August 2022
title_full_unstemmed	Philippines Monthly Economic Developments : August 2022
title_sort	philippines monthly economic developments : august 2022
publisher	Washington, DC
publishDate	2022
url	http://documents.worldbank.org/curated/en/099538208192281213/IDU0eb2656c505ed004f710816d0a47543cf5d2f http://hdl.handle.net/10986/37905
_version_	1764488097922285568

Philippines Monthly Economic Developments : August 2022

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