Forecasts for inflation are trimmed from ADO 2013. A great harvest early in the year and soft global commodity costs checked inflation at 2.8% on average in the first 8 months. Peso depreciation and robust domestic demand are expected to exert modest upward pressure on costs in 2014.

1. energetic occupations in the philippines
Vibrant Work in The Philippines Draw in More Investors
Buoyant investment, particularly in building, and strong consumption propelled increase to 7.6%
in the first half, a stronger result than expected in the Asian Development Outlook (ADO) 2013 in
April. Spending related to elections in May contributed to growth. Fixed investment increase
hastened to 12.7%, outpacing a 5.3% increase in private consumption. The state reached its first
investment-grade credit ratings this year and also a higher position in the international
competitiveness survey. This means that makati occupations and Philippine Professions will get
more enticing.
In the ADO 2013 Update in October, the prognosis for 2013 was raised to 7.0% and for 2014 was
nudged up to 6.1%. The unemployment rate increased to 7.3%, and underemployment was high
at 19.2%.
Philippines 2013 2014
ADO 2013 Update ADO 2013 Update
GDP Growth 6.0 7.0 5.9 6.1
Inflation 3.6 3.0 3.8 3.5
Current Account Balance (share of GDP) 3.0 3.4 3.2 3.5
Source: Asian Development Outlook (ADO) 2013 Update; ADB estimates.
Predictions for inflation are trimmed from ADO 2013. An excellent crop early in the year and soft
international commodity costs controlled inflation at 2.8% on average in the very first 8 months.
Peso depreciation and robust domestic demand are likely to apply small upward pressure on
prices in 2014.
In contrast with several other subregional markets, the Philippines' current account reinforced in
the first half, producing a larger surplus, equivalent to 4.2% of GDP. Supporting the surplus are
remittances from overseas workers totaling $11.8 billion in the first 6 months and steady
expansion in business process outsourcing services. Current account forecasts with this year and
next are increased somewhat.
Do you want to increase your organization in Manila or Makati? It's time to ramp up your jobs in
the Philippines
Source: ADB. 2013. Asian Development Outlook 2013 Update. Manila.
Anchor