Philippine Economic Update, October 2016 : Outperforming the Region and Managing the Transition

The Philippines has emerged as one of the most dynamic economies in the East Asia region. Despite a challenging global economic environment, the Philippine economy has grown at a rapid pace over the past five years, supported by sound macroeconomic...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	economic growth monetary policy exchange rates fiscal policy poverty shared prosperity tax revenues tax policy excise tax VAT
Online Access:	http://documents.worldbank.org/curated/en/2016/09/26829128/philippine-economic-update-outperforming-region-managing-transition http://hdl.handle.net/10986/25271

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recordtype	oai_dc
spelling	okr-10986-252712021-05-25T09:53:30Z Philippine Economic Update, October 2016 : Outperforming the Region and Managing the Transition World Bank economic growth monetary policy exchange rates fiscal policy poverty shared prosperity tax revenues tax policy excise tax VAT The Philippines has emerged as one of the most dynamic economies in the East Asia region. Despite a challenging global economic environment, the Philippine economy has grown at a rapid pace over the past five years, supported by sound macroeconomic fundamentals and a highly competitive workforce. Strong capital investment and robust domestic demand have helped secure the Philippines’ position as the leading growth performer among major economies in East Asia and the Pacific. Public spending rose by more than 10 percent during the first half of 2016, as the government continued to implement its ambitious investment program. Services and industry remained the primary engines of growth, while the lingering effects of El Niño further diminished agricultural output and a weaker-than-expected global recovery continued to hinder the export sector. Nevertheless, the GDP growth rate rose from 5.5 percent in the first half of 2015 to 6.9 percent in the first half of 2016, enabling the Philippines to outperform regional peers such as China, Indonesia, Malaysia, Thailand, and Vietnam. 2016-10-25T22:11:43Z 2016-10-25T22:11:43Z 2016-10 Report http://documents.worldbank.org/curated/en/2016/09/26829128/philippine-economic-update-outperforming-region-managing-transition http://hdl.handle.net/10986/25271 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work 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 en_US
topic	economic growth monetary policy exchange rates fiscal policy poverty shared prosperity tax revenues tax policy excise tax VAT
spellingShingle	economic growth monetary policy exchange rates fiscal policy poverty shared prosperity tax revenues tax policy excise tax VAT World Bank Philippine Economic Update, October 2016 : Outperforming the Region and Managing the Transition
geographic_facet	East Asia and Pacific Philippines
description	The Philippines has emerged as one of the most dynamic economies in the East Asia region. Despite a challenging global economic environment, the Philippine economy has grown at a rapid pace over the past five years, supported by sound macroeconomic fundamentals and a highly competitive workforce. Strong capital investment and robust domestic demand have helped secure the Philippines’ position as the leading growth performer among major economies in East Asia and the Pacific. Public spending rose by more than 10 percent during the first half of 2016, as the government continued to implement its ambitious investment program. Services and industry remained the primary engines of growth, while the lingering effects of El Niño further diminished agricultural output and a weaker-than-expected global recovery continued to hinder the export sector. Nevertheless, the GDP growth rate rose from 5.5 percent in the first half of 2015 to 6.9 percent in the first half of 2016, enabling the Philippines to outperform regional peers such as China, Indonesia, Malaysia, Thailand, and Vietnam.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Philippine Economic Update, October 2016 : Outperforming the Region and Managing the Transition
title_short	Philippine Economic Update, October 2016 : Outperforming the Region and Managing the Transition
title_full	Philippine Economic Update, October 2016 : Outperforming the Region and Managing the Transition
title_fullStr	Philippine Economic Update, October 2016 : Outperforming the Region and Managing the Transition
title_full_unstemmed	Philippine Economic Update, October 2016 : Outperforming the Region and Managing the Transition
title_sort	philippine economic update, october 2016 : outperforming the region and managing the transition
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/09/26829128/philippine-economic-update-outperforming-region-managing-transition http://hdl.handle.net/10986/25271
_version_	1764458835620134912

Philippine Economic Update, October 2016 : Outperforming the Region and Managing the Transition

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