Pantheon Macroeconomics

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7th Sep 2023 17:34Emerging Asia, Weekly Monitor

  • The Philippines’ unemployment rate has bottomed out, and July should prove to be a key turning point.
  • The recovery in labour demand is now stalling; we see average unemployment rising to 5.4% in 2024.
  • The Q2 weakness in domestic demand is spilling over to Q3, despite still-elevated credit growth.

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Keywords for: 11 September 2023 Emerging Asia Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence