Philippines Economic Update, October 2018 : Staying in the Course Amid Global Uncertainty

The Philippines’ economic growth outlook remains positive, yet downside risks have increased. An expected slowdown in global trade in the medium term is likely to further dampen Philippine exports. Nevertheless, baseline economic growth is projecte...

Full description

Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	ECONOMIC GROWTH TRADE BALANCE OF PAYMENTS MONETARY POLICY FISCAL POLICY EMPLOYMENT POVERTY LABOR MARKET ECONOMIC OUTLOOK SHARED PROSPERITY RISKS PRODUCTIVITY POVERTY REDUCTION
Online Access:	http://documents.worldbank.org/curated/en/209201538533339474/Philippines-Economic-Update-Staying-in-the-Course-Amid-Global-Uncertainty http://hdl.handle.net/10986/30564

id	okr-10986-30564
recordtype	oai_dc
spelling	okr-10986-305642021-05-25T09:19:09Z Philippines Economic Update, October 2018 : Staying in the Course Amid Global Uncertainty World Bank ECONOMIC GROWTH TRADE BALANCE OF PAYMENTS MONETARY POLICY FISCAL POLICY EMPLOYMENT POVERTY LABOR MARKET ECONOMIC OUTLOOK SHARED PROSPERITY RISKS PRODUCTIVITY POVERTY REDUCTION The Philippines’ economic growth outlook remains positive, yet downside risks have increased. An expected slowdown in global trade in the medium term is likely to further dampen Philippine exports. Nevertheless, baseline economic growth is projected at 6.5 percent in 2018, 6.7 percent in 2019, and 6.6 percent in 2020. The baseline investment growth outlook is positive and planned senatorial and local elections in May 2019 are expected to lead to higher public spending and higher private consumption. However, persistent high domestic inflation could have a dampening effect on consumption and investment growth. Also, a faster normalization of monetary policy in the United States and an increase in global uncertainty, including trade tensions, could not only worsen external financing conditions for emerging market economies like the Philippines but also elicit additional domestic interest rate hikes that could raise domestic borrowing costs for businesses and households. 2018-10-15T20:05:15Z 2018-10-15T20:05:15Z 2018-10 Report http://documents.worldbank.org/curated/en/209201538533339474/Philippines-Economic-Update-Staying-in-the-Course-Amid-Global-Uncertainty http://hdl.handle.net/10986/30564 English 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
topic	ECONOMIC GROWTH TRADE BALANCE OF PAYMENTS MONETARY POLICY FISCAL POLICY EMPLOYMENT POVERTY LABOR MARKET ECONOMIC OUTLOOK SHARED PROSPERITY RISKS PRODUCTIVITY POVERTY REDUCTION
spellingShingle	ECONOMIC GROWTH TRADE BALANCE OF PAYMENTS MONETARY POLICY FISCAL POLICY EMPLOYMENT POVERTY LABOR MARKET ECONOMIC OUTLOOK SHARED PROSPERITY RISKS PRODUCTIVITY POVERTY REDUCTION World Bank Philippines Economic Update, October 2018 : Staying in the Course Amid Global Uncertainty
geographic_facet	East Asia and Pacific Philippines
description	The Philippines’ economic growth outlook remains positive, yet downside risks have increased. An expected slowdown in global trade in the medium term is likely to further dampen Philippine exports. Nevertheless, baseline economic growth is projected at 6.5 percent in 2018, 6.7 percent in 2019, and 6.6 percent in 2020. The baseline investment growth outlook is positive and planned senatorial and local elections in May 2019 are expected to lead to higher public spending and higher private consumption. However, persistent high domestic inflation could have a dampening effect on consumption and investment growth. Also, a faster normalization of monetary policy in the United States and an increase in global uncertainty, including trade tensions, could not only worsen external financing conditions for emerging market economies like the Philippines but also elicit additional domestic interest rate hikes that could raise domestic borrowing costs for businesses and households.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Philippines Economic Update, October 2018 : Staying in the Course Amid Global Uncertainty
title_short	Philippines Economic Update, October 2018 : Staying in the Course Amid Global Uncertainty
title_full	Philippines Economic Update, October 2018 : Staying in the Course Amid Global Uncertainty
title_fullStr	Philippines Economic Update, October 2018 : Staying in the Course Amid Global Uncertainty
title_full_unstemmed	Philippines Economic Update, October 2018 : Staying in the Course Amid Global Uncertainty
title_sort	philippines economic update, october 2018 : staying in the course amid global uncertainty
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/209201538533339474/Philippines-Economic-Update-Staying-in-the-Course-Amid-Global-Uncertainty http://hdl.handle.net/10986/30564
_version_	1764472386255585280

Philippines Economic Update, October 2018 : Staying in the Course Amid Global Uncertainty

Similar Items