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- W2981250451 abstract "This newsletter includes the following headings: the World Bank upgraded the Philippines growth projection for 2016 from 6.4 percent to 6.8 percent, and for 2017 from 6.2 percent to 6.9 percent, given higher-than-expected third quarter growth and improved outlook assumptions; in October, manufacturing activities continued to expand, pushing utilization levels near full capacity; remittances remain a key growth driver as both personal and cash remittances reached their highest levels so far; prospect of an interest rate hike by the US Federal Reserve resulted in losses in the local stock index and contributed to a weakening peso; inflation inched up further in November driven by increasing food and utility prices; the banking system continues its expansion through strong credit growth, and Philippine banks received a stable outlook rating from fitch ratings on December 8; the fiscal balance weakened in January-October as expenditure growth continued to outstrip revenue growth." @default.
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- W2981250451 date "2016-12-01" @default.
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- W2981250451 title "Philippines monthly economic developments (December 2016)" @default.
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