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Economic
Research
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30
June 2017
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Philippines
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Economic Outlook
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Recovering
from a high base effect in 1H due to the May 2016 election, we expect the
Philippines’ economy to grow by a faster pace of 6.4% YoY in 2H17, from +6.2%
estimated for 1H. A bounce-back in domestic demand is envisaged for 2H,
supported by a faster disbursement of a bigger state budget for social and
infrastructure projects spending as well as resilient consumer spending on
the back of a sustained increase in overseas foreign worker remittances.
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Friday, June 30, 2017
Growth Moderates But Set To Pick Up Slightly In 2H17
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