Philippines Economic Update, April 2017

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作者：

World Bank

来源地址：

http://hdl.handle.net/10986/26399

关键词：

ECONOMIC GROWTH;  ECONOMIC OUTLOOK;  FISCAL TRENDS;  MONETARY POLICY;  EXCHANGE RATES;  EMPLOYMENT;  POVERTY;  SHARED PROSPERITY;  TRADE POLICY;  EXPORT COMPETITIVENESS;  GLOBAL VALUE CHAIN;  COMPARATIVE ADVANTAGE;  Report;  Rapport;  Informe; 

年份：

2017

出版地：

Washington,USA

语种：

English

摘要：

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, as the government's expansionary fiscal-policy stance helped capital formation to expand by 20.8 percent year-on-year led by the construction sector. Consumption growth remained strong at a rate of 6.9 percent year-on-year, as accommodative monetary policies kept interest rates low, supporting a double-digit expansion in consumer lending. Meanwhile, low inflation at 1.8 percent boosted households' purchasing power, while a steady increase in remittance inflows accelerated the growth of household consumption. Overall, 2016 saw a marked rise in consumer confidence, reflecting a healthy job market and effective social protection programs.