FW: RHB | Philippines| Economic Growth Sustains In 2Q17

 

 

 

Economic Research			21 August 2017
Philippines
Economic Update
Economic Growth Sustains In 2Q17   The Philippines’ 2Q17 GDP expanded 6.5% YoY, holding up from +6.4% in 1Q17. Going forward, we expect the archipelago’s economic growth to soften in 2H to 6.3% in 2017 (2016: +6.9%). This is because 2017F is a post-election year and hence a more moderate increase in domestic demand. Indeed, both public and private consumption as well as investments are expected to grow at slower pace after the previous year’s strong surge.        Economist:  Rizki Fajar  | +6221 2970 7065
To access our recent reports please click on the links below:   11 Aug: Policy Rates Still Unchanged in August 11 Aug: Export Growth Continues To Moderate In June 07 Aug: Inflation Holds Up In July 01 Aug: M3 And Loan Growth Rise in June 12 July: Export Growth Moderates In May, To Rebound In 2017 06 July: Inflation Continues To Ease In June 04 July: M3 Holds Up, Loan Growth Rises
ASEAN Economic Team
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam	vincent.loo@rhbgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184

 

 

 

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