"/>

国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

ADB maintains 2018, 2019 growth forecast for Philippine economy
Source: Xinhua   2018-07-19 15:45:26

MANILA, July 19 (Xinhua) -- Asian Development Bank (ADB) has kept its economic growth estimates for the Philippines at 6.8 percent in 2018 and 6.9 percent in 2019, said a new ADB report released on Thursday.

In its Asian Development Outlook (ADO) 2018 report supplement, the Manila-based bank said the Philippine economy grew by 6.8 percent in the first three months of 2018. The industry recorded the fastest growth, at 7.9 percent while services continued to expand strongly by 7.0 percent. Growth in agriculture slowed to 1.5 percent.

ADB said the Philippines' sustained growth momentum was attributed mainly to accelerated spending on government infrastructure development and other programs to develop human capital. Public construction grew by 25.1 percent and government consumption by 13.6 percent.

For this year and next year, ADB maintained the Philippines' growth outlook at 6.8 percent in 2018 and 6.9 percent in 2019.

Based on analysis from ADB, the Philippine public spending on social services and infrastructure will be supported by better budget execution and higher revenue mobilization. Low unemployment and steady remittances continue to drive household consumption. As part of the ongoing tax reform, a reduction in personal income tax for most of the workforce will boost disposable income and consumption.

Meanwhile, inflation in the Philippines reached 5.2 percent in June 2018, driven largely by price hikes for fuel and related items and by sporadic shortages of key food items.

ADB revised the inflation forecast for 2018 to 4.3 percent from the earlier forecast of 4.0 percent. Higher excise taxes on fuel and some commodities as part of the Tax Reform for Acceleration and Inclusion Act, which took effect in January 2018, are contributing factors.

The ADB's economic publication Outlook provides a comprehensive analysis of macroeconomic issues in developing Asia, including growth projections for major economies.

Editor: Shi Yinglun
Related News
Xinhuanet

ADB maintains 2018, 2019 growth forecast for Philippine economy

Source: Xinhua 2018-07-19 15:45:26
[Editor: huaxia]

MANILA, July 19 (Xinhua) -- Asian Development Bank (ADB) has kept its economic growth estimates for the Philippines at 6.8 percent in 2018 and 6.9 percent in 2019, said a new ADB report released on Thursday.

In its Asian Development Outlook (ADO) 2018 report supplement, the Manila-based bank said the Philippine economy grew by 6.8 percent in the first three months of 2018. The industry recorded the fastest growth, at 7.9 percent while services continued to expand strongly by 7.0 percent. Growth in agriculture slowed to 1.5 percent.

ADB said the Philippines' sustained growth momentum was attributed mainly to accelerated spending on government infrastructure development and other programs to develop human capital. Public construction grew by 25.1 percent and government consumption by 13.6 percent.

For this year and next year, ADB maintained the Philippines' growth outlook at 6.8 percent in 2018 and 6.9 percent in 2019.

Based on analysis from ADB, the Philippine public spending on social services and infrastructure will be supported by better budget execution and higher revenue mobilization. Low unemployment and steady remittances continue to drive household consumption. As part of the ongoing tax reform, a reduction in personal income tax for most of the workforce will boost disposable income and consumption.

Meanwhile, inflation in the Philippines reached 5.2 percent in June 2018, driven largely by price hikes for fuel and related items and by sporadic shortages of key food items.

ADB revised the inflation forecast for 2018 to 4.3 percent from the earlier forecast of 4.0 percent. Higher excise taxes on fuel and some commodities as part of the Tax Reform for Acceleration and Inclusion Act, which took effect in January 2018, are contributing factors.

The ADB's economic publication Outlook provides a comprehensive analysis of macroeconomic issues in developing Asia, including growth projections for major economies.

[Editor: huaxia]
010020070750000000000000011100001373354691
主站蜘蛛池模板: 怀仁县| 余姚市| 大同市| 五寨县| 南雄市| 革吉县| 浠水县| 陵川县| 呈贡县| 昌图县| 德昌县| 保德县| 得荣县| 海兴县| 鹤壁市| 麦盖提县| 临湘市| 浪卡子县| 肃北| 磐石市| 阳江市| 吉木萨尔县| 宁强县| 乌兰浩特市| 津市市| 东港市| 常州市| 科技| 罗平县| 浙江省| 漯河市| 南宫市| 高雄县| 芦山县| 河池市| 北宁市| 会昌县| 西吉县| 沅江市| 平塘县| 东丰县|