Economic Research | 7 December 2017 | |||
Philippines | ||||
Economic Update | ||||
Economic Growth Continues To Pick Up In 3Q17 The Philippines’ 3Q17 GDP expanded 6.9% YoY, rising from +6.7% (revised) in 2Q17. Going forward, we expect the archipelago’s economic growth to sustain at 6.5% in 2018, holding up from a 6.6% estimate this year. This is on account of expanding government-led fixed capital investments and resilient household consumption. This is an upward revision from our previous forecast of 6.3% in 2017-2018, and is due to stronger-than-expected exports. The economy is likely to continue to be domestically-driven, while export growth is likely to moderate in 2018. Economist: Rizki Fajar | +6221 2970 7065 | ||||
To access our recent reports please click on the links below: 11 Oct: Exports Moderated, Imports Rebounded In August 06 Oct: Inflation Continues To Edge Higher In September 02 Oct:: M3 Picks Up, Loan Growth Moderates In August 19 Sept: Current Account Back Into Surplus In 2Q17 13 Sept: Exports Recovered, Imports Continued To Contract In July 06 Sept: Inflation Edges Higher In August | ||||
ASEAN Economic Team | ||||
Peck Boon Soon | Chief ASEAN Economist | +603 9280 2163 | ||
Vincent Loo Yeong Hong | Malaysia, Vietnam | +603 9280 2172 | ||
Ng Kee Chou | Singapore, Thailand | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
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