Philippines’ economy grows 6.3% in Q4, beats expectations
The acceleration in the economy stemmed from higher state and consumer spending, which rose 17.4% and 6.4% on the year, respectively, in the final quarter. Economists commented that the Philippine economy does not need further stimulus at the moment and will remain on a strong note this year, with growth projections calling for a growth rate of 5.7% in 2016.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- PVC snaps an 8-month downtrend, players remain skeptical in Turkey
- China boosts polymer imports from US again despite shrinking overall imports in 2022
- Asian PVC prices cautiously rebound from more than 2-year lows
- Freight rates near pre-Covid levels as pace of normalization accelerates
- Bleak outlook for Q1 keeps European PP, PE buyers sidelined
- PLAST EURASIA 2022: Eyes on Russian and US supplies with demand woes in focus
- December PE offers to SE Asia imply further drops, yet to respond to China
- Has the bear market for Asian PVC almost run its course?
- Demand outlook for crude oil dims amid China worries
- Asian styrene prices rebound from almost two-year lows