Publication:
Philippines Monthly Economic Developments, January 2024

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-02-13T20:11:05Z
dc.date.available2024-02-13T20:11:05Z
dc.date.issued2024-02-13
dc.description.abstractThe economy expanded by 5.6 percent year-on-year in Q4 2023 as robust private consumption continued to fuel growth, while the recovery of tourism buoyed the expansion of services. The cumulative fiscal deficit declined in November 2023, while low external demand dampened goods exports, which weighed on manufacturing output growth. The unemployment rate fell to a 15-year low in November, supported by strong domestic demand during the holidays, yet job quality remains a concern.en
dc.identifierhttp://documents.worldbank.org/curated/en/099443402092421534/IDU1083b9b9f15ff7143c41ab321dbe05586704e
dc.identifier.doi10.1596/41060
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/41060
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectPRIVATE CONSUMPTION
dc.subjectEMPLOYMENT
dc.subjectJOB QUALITY
dc.titlePhilippines Monthly Economic Developments, January 2024en
dc.typeBrief
dspace.entity.typePublication
okr.associatedcontenthttps://openknowledge.worldbank.org/handle/10986/41013 Philippines Economic Update, December 2023
okr.crossref.titlePhilippines Monthly Economic Developments, January 2024
okr.date.disclosure2024-02-13
okr.date.lastmodified2024-02-09T00:00:00Zen
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099443402092421534/IDU1083b9b9f15ff7143c41ab321dbe05586704e
okr.guid099443402092421534
okr.identifier.docmidIDU-083b9b9f-5ff7-43c4-ab32-dbe05586704e
okr.identifier.doihttp://dx.doi.org/10.1596/41060
okr.identifier.externaldocumentum34255244
okr.identifier.internaldocumentum34255244
okr.identifier.report187641
okr.import.id3162
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099443402092421534/pdf/IDU1083b9b9f15ff7143c41ab321dbe05586704e.pdfen
okr.region.administrativeSouth Asia
okr.region.countryPhilippines
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicSocial Protections and Labor::Labor Markets
okr.unitEFI-EAP-MTI-MacroFiscal-2 (EEAM2)
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