We are pleased to share with you our fourth quarter Economic snapshots, which provides a glimpse into the country’s economic performance for the past year and takes a look at how it is expected to perform for the year ahead. President Duterte’s first full year in office ended in a positive note for several reasons. Two landmark bills were signed into laws—the 2017 national budget and the tax reform bill, the Philippine stock exchange index ended the year at an all-time high, and the country still remains one of the fastest-growing economies in the region, alongside China and Vietnam.
Our Economic Snapshots also includes a look at the 2018 national budget and the recently-signed Tax Reform and Acceleration and Inclusion Law. Finally, it contains the latest from the Labor Force Survey and the 2018 World Bank’s Doing Business report.