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9th Aug 2022 14:38Emerging Asia, Daily Monitor

Philippine GDP shrank unexpectedly in Q2, as we warned, raising the odds of a BSP pause next week.

Consumption largely was to blame; the absence of a savings safety net—not inflation—is the real issue.

A further rise in investment cushioned the blow, but catch-up growth can’t be relied upon indefinitely.

capex deposit rates disinflation election exports government government spending interest rate jobless rate labour labour force labour market May q1 q2 q3 q4 rate hike recession savings technical recession trade unemployment unemployment rate

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Keywords for: 10 Aug 2022 Emerging Asia Monitor

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