The Philippine economy grew slower than expected at 3.7 percent in 2011, held back by weak public spending and external demand. In the fourth quarter (Q4), growth slightly improved at 3.7 percent. As in past quarters, growth was driven by remittance-fueled household consumption, which grew by 6.7 percent. The government's disbursement acceleration plan was partially successful and contributed 1.3 percentage points (ppt) to gross domestic product...
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INFORMATION
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2012/03/01
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Document de travail
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69833
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1
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1
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2012/06/11
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Disclosed
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Philippines quarterly update : from stability to prosperity for all
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labor force participation rate
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