The days of swine and roses

PHILIPPINES - Report 14 Feb 2019 by Romeo Bernardo and Christine Tang

Things are far from coming up roses for the Philippines in 2019, the Year of the Pig.A more somber mood greeted the start of the year as talks of slower global growth, persistence of trade war, no-deal Brexit, and US government shutdown made headlines.Locally, notwithstanding tamer inflation and a less hawkish US Fed, GDP growth is expected to fall below 6% this year on weak export demand and as last year’s interest rate hikes weigh on domestic demand. Fiscal authorities may also find their policy space more cramped.The mid-term polls will take place in May, relevant primarily in setting the stage for the President to keep his influence beyond 2022.​

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