The World Bank maintains its growth forecast for the Philippines at 6.7 percent for 2018. In the first quarter of 2018, the Philippines economy grew by 6.8 percent. Manufacturing activities continued to expand strongly in March. Exports contracted sharply while import growth moderated. The Philippine Stock Exchange index continued its retreat in April with sizable net-foreign selling. The peso hovered above the Php/US$52.00 mark most of April. Faced...
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