Macroeconomic Forecast Philippines

April 2005 | Macroeconomic Forecasts

Philippine real GDP growth will slow in 2005 after last year's expansion of 6.1%, a 14-year high. Net exports will subtract 1.1 percentage points from growth as record-high oil prices lead to a surge in oil imports. Real GDP will expand 4.0% in 2006. Other forecasters also expect a slowdown, according to our latest poll, with our panel of eight investment banks, plus the Asian Development Bank and IMF, forecasting growth of 4.6% this year and next. The government has set a growth target of 5.3-6.3% in 2005 and 6.3-7.3% in

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