Economy

New job opportunities have accompanied economic growth in the Philippines, but unemployment remains relatively elevated, compared to elsewhere in the region, while chronic underemployment and static wage growth have seen the number of working poor expand in recent years. The government is addressing these challenges through investments in...

Years of robust macroeconomic growth combined with prudent fiscal policy have left the Philippines well positioned to boost public spending in 2017, with infrastructure, security and education set to benefit from double-digit increases this year. Although the fiscal deficit is set to hit a record high, the country’s positive growth outlook,...

After five straight years of robust macroeconomic expansion, the Philippines ranks as one of the best-performing economies in South-east Asia. With rapidly rising domestic consumption, soaring foreign direct investment (FDI) and a growing services sector, the country is set to record world-leading growth rates in 2017. Although weakening...