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Philippine Economic Update, April 2016 [electronic resource] : Moving Full Speed Ahead--Accelerating Reforms to Create More and Better Jobs.

Author/Creator:
World Bank.
Publication:
Washington, D.C. : The World Bank, 2016.
Series:
Economic Updates and Modeling
World Bank e-Library.
Economic Updates and Modeling
Format/Description:
Government document
Book
1 online resource (1 p.)
Local subjects:
Bank Accounts. (search)
Banking Sector. (search)
Business Environment. (search)
Capital Flows. (search)
Cash Transfers. (search)
Commodity Prices. (search)
Contracts. (search)
Debt. (search)
Debt Management. (search)
Decentralization. (search)
Deficit. (search)
Domestic Debt. (search)
Economic Growth. (search)
Economic Management. (search)
Employment and Unemployment. (search)
Equity. (search)
Exchange Rates. (search)
Expenditures. (search)
Finance. (search)
Financial Management. (search)
Fiscal & Monetary Policy. (search)
Fiscal Policy. (search)
Fraud. (search)
Gross Domestic Product. (search)
Household Income. (search)
Human Capital. (search)
Income Tax. (search)
Inflation. (search)
Information Technology. (search)
Insurance. (search)
Interest Rates. (search)
Investment Climate. (search)
Macroeconomic Management. (search)
Macroeconomics and Economic Growth. (search)
Monetary Policy. (search)
Political Economy. (search)
Poverty. (search)
Poverty Reduction. (search)
Price Stability. (search)
Private Sector Development. (search)
Pro-Poor Growth. (search)
Property Rights. (search)
Public Spending. (search)
Purchasing Power. (search)
Remittances. (search)
Small Businesses. (search)
Social Protections and Labor. (search)
Tariffs. (search)
Tax Exemptions. (search)
Tax Policy. (search)
Taxes. (search)
Telecommunications. (search)
Transaction Costs. (search)
Transparency. (search)
Valuations. (search)
Summary:
The Philippine Economic Update (PEU) provides an update on key economic and social developments, as well as policies over the past six months. It also presents findings from recent World Bank studies on the Philippines. It places them in a longer term and global context, and assesses the implications of these developments and policies on the outlook for the Philippines. Its coverage ranges from the macro-economy and financial markets to indicators of human welfare and development. It is intended for a wide audience, including policymakers, business leaders, financial market participants, and the community of analysts and professionals engaged in the Philippines. Poverty reduction is expected to continue if the country is able to maintain the relatively high economic growth and the more positive job trends in recent years, despite recent shocks to agriculture. Recent trends show an improvement in the country's growth-poverty elasticity, which means growth is becoming more inclusive. However, the recent increase in the underemployment rate and weak agricultural output in 2016 will need to be countered by sustained increase in per capita income growth and a continued focus on supporting the structurally poor through effective social protection programs. Under these assumptions, extreme poverty is projected to further decrease from nine percent in 2014 to 6.8 percent in 2018.
Contributor:
World Bank.
Publisher Number:
10.1596/24397
Access Restriction:
Restricted for use by site license.
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