Friday, May 19, 2017

Economic Growth Moderates Further In 1Q17

Economic Research
19 May 2017

Economic Update

The Philippines’ 1Q17 GDP expanded 6.4% YoY, moderating from +6.6% in 4Q16. Going forward, we expect the archipelago’s economic growth to soften to 6.3% in 2017 (2016: +6.9%). This is on account of 2017 being a post-election year and more moderate increase in domestic demand – this is as both public and private consumption, and investments grow at slower pace after the previous year’s strong surge.

Economist:  Rizki Fajar  | +6221 2970 7065

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