BIZWATCH - PHILIPPINE EXPORTS DECLINED DUE TO WEAK GLOBAL ECONOMY
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- According to the Philippine Statistics Authority, our total export earnings went down by 15.1% in March 2016. From $5.4 billion in March 2015, it went down to $4.6 billion in 2016. This marks the 12th consecutive month of decline since April 2015 due to a weak global economy. Global trade is also not expected to pick up any time soon, further dampened by China’s economic slowdown.
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