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Economic
Research
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12
April 2017
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Philippines
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Economic Update
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Merchandise
exports growth slowed in February, at +11% YoY from +24% YoY in January,
mainly as a result of a slowdown in manufactured products. Moving forward, we
forecast exports of goods & services to return to a growth of 6.2% in
2017, from -4.4% in 2016, on:
1.
Pick-up in global demand for electrical & electronic (E&E) goods;
2.
Gradual improvement in world merchandise trade volumes;
3.
Recovery in agricultural exports.
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Wednesday, April 12, 2017
Exports Moderated In February, To Grow In 2017
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