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The multiple shocks that hit the Philippines – the COVID-19 health crisis, economic activities across the country frozen by quarantine measures, devastating typhoons in November, and the global recession – will likely shrink the economy by 8.1 percent in 2020, temporarily reversing gains made in poverty reduction in recent years.
- Philippine Economic Update, August 2014 Edition
Economic and policy developments • After recording strong...
- Investing in the Future
Under the assumption that the responsiveness of the poverty...
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The Philippines has emerged as one of the most dynamic...
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Philippine economic growth slowed to its lowest level in...
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The Philippines Economic Update is a biannual report of the...
- Philippine Economic Update, August 2014 Edition
8 gru 2020 · The Philippines Economic Update is a biannual report of the World Bank that summarizes key economic and social developments, important policy changes, and the evolution of external and global conditions. The December 2020 edition focuses on Building a Resilient Recovery.
The resurgence of COVID-19 cases and reimposition of more stringent quarantine measures held back the early signs of an economic rebound.
The Philippines Economic Update summarizes key economic and social developments, important policy changes, and the evolution of external conditions over the past six months. It also presents findings from recent World Bank analysis, situating them in the context of the country’s long-term development trends and assessing their implications ...
22 gru 2020 · From economic growth slowing down, trade grinding to a halt, the stock market falling and even our most reliable migrant workers coming home in droves, economic officials correctly...
7 gru 2021 · Public spending accelerated from 23.6 percent of GDP in the first three quarters of 2020 to 24.6 percent of GDP in the same period in 2021, in line with the recovery in public investment and ongoing fiscal support.
6 gru 2021 · The economic rebound gained momentum in the third quarter of 2021 despite another COVID-19 wave. The Philippines has, so far, faced its worst infection wave in September when the 7-day daily average reached about 21,000 cases due to the Delta variant.
