Swift passage
Article Abstract:
The Philippines showed steady economic growth in 1996, with GNP rising by 6.8% and inflation lower than forecast at 8.4%. The economy looks set for further steady growth in 1997, as long as confidence is not affected in the run-up to the presidential election in May 1998. There was particular growth in 1996 for the construction sector, where growth was 10.9%, and the financial sector, where growth was 13.8%. Deregulation assisted the airline and telecommunications industries.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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Newborn tiger
Article Abstract:
The Philippines saw GDP growth of 7.1% in the first half of 1996, and it is now widely agreed that GNP growth for the whole of 1996 will be 6-6.5%. The country's economy has grown much stronger over recent years, but there are no signs of overheating. Exports rose by 19.4% in the first half of 1996 to $9.6 billion, and imports were up by 26.4%. This made the trade gap rise by 40% to $6 billion, at 14.6% of GNP. Net foreign inflows almost tripled, at $1.6 billion.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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