Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Philippines likely to continue with strong economic growth in near-term, says ANZ

The Philippines’ robust economic growth is expected to sustain, according to an ANZ research report. However, it also weakens the external accounts. The Philippine authorities have taken a benign view of the situation as the decline in current account is mainly because of imports of capital goods.

The decision of the Philippine government to increase the fiscal deficit target to 3 percent of the GDP along with initiatives to accelerate the delivery of earlier-approved infrastructure projects might also assist in stimulating growth in 2017, noted ANZ.

However, raising the medium term growth potential of Philippines would need increased levels of public investment. If the 3 percent deficit target is considered as a threshold line, the additional investments would be contingent on passing the first package of tax reforms by the Congress.

The Philippine central bank is likely to cautiously hike its interest rate corridor this year due to accelerating inflation, according to ANZ. However, the appointment of a new Governor might have a bearing on the extent and rate of tightening.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 812990812990m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 812990812990m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 824810824810m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 812990812990m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 824810824810m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 812990812990m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 812990812990m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 812990812990m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.