Philippine Economic Update, October 2015 : Making Growth Work Better for Small Businesses
The Philippines is among the strongest performers in the region, bucking the trend. In the first half (H1) of 2015, among the major economies in the region, the only countries to accelerate their quarterly growth rates were the Philippines, from 5 to 5.6 percent, and Vietnam. In spite of this accele...
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2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/10/25112935/philippine-economic-update-making-growth-work-better-small-businesses http://hdl.handle.net/10986/22925 |
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okr-10986-229252021-06-14T10:12:51Z Philippine Economic Update, October 2015 : Making Growth Work Better for Small Businesses World Bank AGRICULTURE GROWTH GDP GROWTH GOVERNMENT SPENDING INDUSTRY INFLATION MAJOR ECONOMIES REMITTANCES SERVICES The Philippines is among the strongest performers in the region, bucking the trend. In the first half (H1) of 2015, among the major economies in the region, the only countries to accelerate their quarterly growth rates were the Philippines, from 5 to 5.6 percent, and Vietnam. In spite of this acceleration, for the two quarters combined, Philippine growth rate came out at 5.3 percent—its lowest half year growth rate since 2011. On the demand side, the strong performance of private domestic demand at 8.1 percent, supported by record low inflation and robust remittances, drove GDP growth. However, the slow pace of public spending and the contraction in net exports pulled down GDP growth. On the supply side, the onset of El Niño led to stagnant agriculture growth. Meanwhile, growth in industry and services was respectable, with both sectors growing by around 5.8 percent. In Q3, available high frequency data suggest an improving economy, in particular, an acceleration in government spending. 2015-11-10T15:52:20Z 2015-11-10T15:52:20Z 2015-10 Report http://documents.worldbank.org/curated/en/2015/10/25112935/philippine-economic-update-making-growth-work-better-small-businesses http://hdl.handle.net/10986/22925 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Philippines |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
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English en_US |
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AGRICULTURE GROWTH GDP GROWTH GOVERNMENT SPENDING INDUSTRY INFLATION MAJOR ECONOMIES REMITTANCES SERVICES |
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AGRICULTURE GROWTH GDP GROWTH GOVERNMENT SPENDING INDUSTRY INFLATION MAJOR ECONOMIES REMITTANCES SERVICES World Bank Philippine Economic Update, October 2015 : Making Growth Work Better for Small Businesses |
| geographic_facet |
East Asia and Pacific Philippines |
| description |
The Philippines is among the strongest performers in the region, bucking the trend. In the first half (H1) of 2015, among the major economies in the region, the only countries to accelerate their quarterly growth rates were the Philippines, from 5 to 5.6 percent, and Vietnam. In spite of this acceleration, for the two quarters combined, Philippine growth rate came out at 5.3 percent—its lowest half year growth rate since 2011. On the demand side, the strong performance of private domestic demand at 8.1 percent, supported by record low inflation and robust remittances, drove GDP growth. However, the slow pace of public spending and the contraction in net exports pulled down GDP growth. On the supply side, the onset of El Niño led to stagnant agriculture growth. Meanwhile, growth in industry and services was respectable, with both sectors growing by around 5.8 percent. In Q3, available high frequency data suggest an improving economy, in particular, an acceleration in government spending. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Philippine Economic Update, October 2015 : Making Growth Work Better for Small Businesses |
| title_short |
Philippine Economic Update, October 2015 : Making Growth Work Better for Small Businesses |
| title_full |
Philippine Economic Update, October 2015 : Making Growth Work Better for Small Businesses |
| title_fullStr |
Philippine Economic Update, October 2015 : Making Growth Work Better for Small Businesses |
| title_full_unstemmed |
Philippine Economic Update, October 2015 : Making Growth Work Better for Small Businesses |
| title_sort |
philippine economic update, october 2015 : making growth work better for small businesses |
| publisher |
Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/10/25112935/philippine-economic-update-making-growth-work-better-small-businesses http://hdl.handle.net/10986/22925 |
| _version_ |
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