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3 days ago · The Philippines' gross domestic product grew by 5.7% in the first quarter of 2024 from the previous three months, according to the Philippine Statistics Authority. FILE PHOTO/Reuters. Philippine economic growth saw an acceleration in the first quarter of the year from the three months prior but slowed from the same period in the past year ...
5 days ago · The consumer price index (PHCPI=ECI) rose 3.8% in April from a year earlier, below the 4.1% median forecast in a Reuters poll, and within the central bank's 3.5% to 4.3% forecast for the month ...
6 days ago · FF2020-43: 2019 Economic Performance of the Philippine Regions. Based on the report of the Philippine Statistics Authority (PSA) adopting 2018 as the new base year for the national income accounts, six of the 17 regions in the Philippines surpassed the 6.0% overall economic growth in 2019.
2 days ago · Rich in resources, the Philippines has the potential to build a strong industrial economy, but the country remains largely agricultural. Especially toward the end of the 20th century, rapid industrial expansion was spurred by a high degree of domestic and foreign investment.
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Does the Philippines have a strong industrial economy?
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What are the two main causes of inflation in the Philippines?
How does inflation affect the Philippine peso?
3 days ago · According to Reyes (1996), inflation can be influenced by several factors. First, it can rise as a result of the oversupply of money, or when the national bank prints money beyond demand. Disturbances in the prices of basic commodities, such as rice, can also affect the general prices of goods.
5 days ago · Impact of the Global Financial and Economic Crisis on the Philippines. DP 2009-30. 2009. The 2008 global economic and financial crisis spawned a synchronized recession among industrialized countries leading to a contraction in world trade. Exports from developing countries fell sharply dragging many of them into the global economic downturn.