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DLSU-AKI Policy Brief, Volume VI, No. 7.: Monitoring the Philippine economy year-end report for 2019.

The 2019 economic performance of the Philippines remained stable with a 5.9 percent growth despite falling short of the target of 6.0 to 6.5 percent. This was caused by a budget delay, unfavorable weather disturbances, policy uncertainties, and international economic challenges. The demand side was driven mainly by domestic consumption and registered a 5.8 percent growth; gross domestic capital formation and government spending posted a negative 0.6 percent and 10.5 percent growth respectively. On the other hand, the supply side was mostly driven by the Service sector with a 7.1 percent growth.

DLSU - Angelo King Institute for Economic and Business Studies - De La Salle University
Authors Keywords
Conchada, Mitzie Irene, P; Cho, Won Hee; ;
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