"Philippines Freight Transport Report Q4 2013" Published
Despite a considerable slowdown in exports, the Philippine economy continues to power on, with Q113 figures reflecting impressive real GDP growth of 7.8% year-on-year (y-o-y). That said, the export picture will be a concern to those operating in the freight sphere in the Philippines, following earlier downward trends occurring in January 2013, when Philippine exports decreased by 2.7% year-on-year (y-o-y), breaking the four month-long trend of expansion that had been in play since September 2012. Electronics exports in particular, which...
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