Shifting Sands

PHILIPPINES - Forecast 14 Nov 2014 by Romeo Bernardo and Christine Tang
Executive SummaryOnce again, greater uncertainty is spreading through world financial markets as players are forced to feel their way through changing monetary policy stances in advanced economies. Our baseline view of above 6% GDP growth for 2014 and 2015 is based on expectations that external developments are overall positive for the Philippines with local economic managers able to steer through volatilities and support economic activity. Infrastructure constraints, while not debilitating, will have some dampening effects on business optimism although still low borrowing costs may continu...

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