PHL trails ASEAN peers, still 10% lower than pre-Covid

Quick Summary:

THE Philippine economy may continue to climb an uphill battle in getting out of its lockdown-induced troubles as it still lags behind its ASEAN counterparts, according to foreign think tanks.

The Philippines’ Labor Force Survey reveals that 38.3 percent of employed individuals fall into this category, underscoring the precariousness of their work arrangements and heightened susceptibility to crises or shocks.

The BSP entered its easing cycle in August when it delivered a 25-basis-point reduction in rates and followed this with another 25 basis point reduction in rates in October 2024.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesChinaUnited States

Topics: Philippine Point Economy Quarter Percent Rates Reduction Growth Easing 2024 Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 16:19:05 (3 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 726 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23520505

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 64 posts per day

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News Last Updated: 9 hours ago

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