FW: RHB | Philippines| Economic Activity Moderated In November

 

 

 

 

Economic Research			16 January 2018
Philippines
Economic Update
Economic Activity Moderated In November   Overall, economic activities in the Philippines moderated in Nov 2017, with merchandise export growth easing during the month. Inflationary pressure, likewise, moderated slightly, along with M3 growth in November, but loan growth picked up during the month. Following the stronger GDP growth in 3Q17, we expect the archipelago’s economic growth to be sustained at 6.5% in 2018, holding up from an estimated 6.6% this year.   Economist:  Rizki Fajar  | +6221 2970 7065
To access our recent reports please click on the links below:   08 Dec: Moderation In Economic Activity For Sep-Oct 07 Dec: Economic Growth Continues To Pick Up In 3Q17 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
ASEAN Economic Team
Arup Raha	Group Chief Economist	arup.raha@rhbgroup.com		+65 6232 3896
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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