Philippines Monthly Economic Developments September 2018

Finance & Investment
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Abstract

This newsletter includes the following headlines: Philippine Stock Exchange index (PSEi) declined significantly in the first week of September 2018 due to a mix of external and domestic factors; the Philippine peso depreciated in August after strengthening... See More + This newsletter includes the following headlines: Philippine Stock Exchange index (PSEi) declined significantly in the first week of September 2018 due to a mix of external and domestic factors; the Philippine peso depreciated in August after strengthening in July; headline inflation surged in August with increased food and energy prices; Balance of payment deficit widened in the first half of 2018 reaching 2.1 percent of GDP from 0.5 percent of GDP same period in 2017; the government posted a fiscal deficit in July as public spending growth outpaced revenue growth; unemployment declined further in July 2018, but underemployment continued to worsen; consumer confidence turned negative for the first time in two years and business confidence fell to its lowest since 2009  See Less -

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Chua, Kevin C.; Cruz, Kevin Thomas Garcia; Endo, Isaku; Qian, Rong; Hansl, Birgit. 2018. Philippines Monthly Economic Developments (September 2018) (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/708191537196602132/Philippines-Monthly-Economic-Developments-September-2018

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Philippines Monthly Economic Developments (September 2018) (English)

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