FOREX TradingCharts.com

Financial News: Philippine GDP Growth Likely To Stay Robust: Capital

Philippine GDP Growth Likely To Stay Robust: Capital Economics

05/19/2017 - 08:39:00 (RTTNews)

(RTTNews) - The Philippine economy is likely to retain its robust growth momentum in the coming months on the back of a decent recovery in exports and healthy domestic demand, Capital Economics economist Gareth Leather said.

Annual economic growth eased to 6.4 percent in the first three months of the year from 6.6 percent in the fourth quarter of 2.16.

The modest slowing was mainly due to a pullback in private consumption, government spending and investment growth. Export growth improvement was offset by a pick-up in import growth.

"Consumption should remain buoyant, supported by strong sentiment, healthy household finances and low interest rates," Leather said.

The Philippine President Duterte is committed to a big increase in infrastructure spending," the economist said

"With debt levels very low, government spending is likely to be a key driver of growth over the next couple of years," Leather added.

The economist also expects strong global demand to provide a boost to exports over the coming months.

Further, President Donald Trump has tempered his protectionist threats, which is positive for the Philippines with its large business outsourcing sector and high level of remittances with the US, the economist said.

"On balance, we are sticking our GDP growth forecast of 6.5 percent for both 2017 and 2018," Leather concluded.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Bank Of America Lowers U.S. GDP Outlook (17 min(s), 37 sec(s) ago)
(RTTNews) - Bank of America Merrill Lynch has downgraded its outlook on U.S. gross domestic produc ...Full Story»

Swedish Unemployment Rate Set To Drift Lower This Year (03 hr(s), 05 min(s), 23 sec(s) ago)
(RTTNews) - Sweden's unemployment rate is likely to ease in the coming months of this year, wh ...Full Story»

Eurozone Consumer Confidence Unlikely To Rise Much Further (03 hr(s), 39 min(s), 23 sec(s) ago)
(RTTNews) - Eurozone consumer confidence is unlikely to rise much further in the next year, despit ...Full Story»

Belgium Business Confidence Weakens For Second Month (04 hr(s), 09 min(s), 23 sec(s) ago)
(RTTNews) - Belgium's business confidence deteriorated for a second consecutive day in June am ...Full Story»

BRAZIL: Central Bank Points Again To Slower Pace Of Interest Rate Cuts (04 hr(s), 49 min(s), 23 sec(s) ago)
(RTTNews) - The Brazilian central bank stated again, this time in its quarterly inflation report, ...Full Story»

MEXICO: Central Bank Increases Key Interest Rate To 7% (04 hr(s), 56 min(s), 23 sec(s) ago)
(RTTNews) - Mexico's central bank (Banxico) decided to increase its benchmark interest rate by ...Full Story»

Eurozone Private Sector Growth Moderates In June (05 hr(s), 06 min(s), 23 sec(s) ago)
(RTTNews) - Eurozone private sector growth moderated in June from a six-year high due to a slowdow ...Full Story»

Iceland Wage Growth Accelerates In May (05 hr(s), 19 min(s), 23 sec(s) ago)
(RTTNews) - Iceland's wage growth accelerated for the first time in thirteen months in May, fi ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Bank Of America Lowers U.S. GDP Outlook

06/23/2017 - 13:48 PM (RTTNews)
(RTTNews) - Bank of America Merrill Lynch has downgraded its outlook on U.S. gross domestic produc ...Full Story>>

Swedish Unemployment Rate Set To Drift Lower This Year

06/23/2017 - 10:25 AM (RTTNews)
(RTTNews) - Sweden's unemployment rate is likely to ease in the coming months of this year, wh ...Full Story>>

Eurozone Consumer Confidence Unlikely To Rise Much Further

06/23/2017 - 09:51 AM (RTTNews)
(RTTNews) - Eurozone consumer confidence is unlikely to rise much further in the next year, despit ...Full Story>>

Belgium Business Confidence Weakens For Second Month

06/23/2017 - 09:21 AM (RTTNews)
(RTTNews) - Belgium's business confidence deteriorated for a second consecutive day in June am ...Full Story>>

BRAZIL: Central Bank Points Again To Slower Pace Of Interest Rate Cuts

06/23/2017 - 08:41 AM (RTTNews)
(RTTNews) - The Brazilian central bank stated again, this time in its quarterly inflation report, ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.