In a Good Place

COLOMBIA - Report 08 Aug 2013 by Romeo Bernardo, Christine Tang and Andrés Escobar Arango
Executive SummaryDespite emergent risks from recent external events, the Philippines is expected to avoid the downshifting in emerging markets and grow above historical trend this year and next. This is mainly because the country has been relying on local growth drivers and its good macro position – low inflation, ample fiscal space, healthy external accounts, stable political environment – provides room for maintaining current policy settings. However, sustaining a rapid accumulation of investments over the medium-term is constrained in our view by a rather slow buildup of infrastructure f...

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