The times they are a-changin’

PHILIPPINES - Forecast 22 Nov 2016 by Romeo Bernardo and Christine Tang

Change is here. In the past three months, the Philippines saw its highly popular President redefined Philippine foreign policy away from longstanding ally U.S., blessed the burial of ousted dictator Ferdinand Marcos at the Heroes’ Cemetery, re-engaged communist insurgents and Muslim militants in peace talks, and continued to raise the stakes for those allegedly involved in the drug trade. The unexpected election of Donald Trump in the U.S. only adds to the growing uncertainty that troubles many in the business sector. Amidst the changing political landscape, the domestic economy continues to exhibit strong momentum which, coupled with solid fundamentals, will see GDP growth maintained at a relatively high clip in the short-term.

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