Remittances from overseas Filipinos (OFs) continue to flow in… The inflow of cash remittances from OFs coursed through banks remain steady, reaching $ 2.5 billion in June, a 5.7-percent increase from the level posted in the same period a year ago… Merchandize exports grew by 13.6 percent in the first half of 2017, faster than projection.
•  Second, possible risks to the recovery stemming from financial market developments. •  And third, policy requirements to keep up the current growth momentum. In 2013, recovery was underway in the majority of OECD economies – including the euro area as a whole. This positive momentum has been confirmed by the latest OECD leading indicators that were published yesterday.