Year of the Bellwether

PHILIPPINES - Forecast 11 Feb 2015 by Romeo Bernardo and Christine Tang
Executive Summary Since the start of the year, financial markets have used sharply lower oil prices, expected to last for some time yet, as their bellwether, predicting continuing good fortune for the incoming Year of the Ram.Low oil prices plus the ECB’s large stimulus package and a modified Supreme Court ruling on the government’s Disbursement Acceleration Program will help push up GDP growth to 6.7% this year, in our view. However, ongoing wagers on the timing of a US rate hike will see more volatility in financial markets and the direction of capital flows.The Philippines also looks hea...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This forecast is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This forecast is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this forecast or its contents.