Economy / Philippines
Macroeconomic Forecast Philippines
December 2004 | Macroeconomic ForecastsThe Philippines' economy will slow in 2005 amid weaker global economic growth and a downturn in the electronics cycle. Gross domestic product will expand an inflation-adjusted 4.6% compared with an estimated 5.7% in 2004. Personal consumption will continue to fuel the economy while net exports will weigh on growth. Real GDP will expand 4.2% in 2006.
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