Macroeconomic Forecast PhilippinesSeptember 2005 | Macroeconomic Forecasts
Record oil prices, slower global growth and heightened political risk will take their toll. According to BMI forecasts, real GDP will expand by 4.7% following last year's growth of 6.1%, a 14-year high. All three expenditure accounts - consumption, investment and net exports - will make a lower contribution to growth. During Q205, GDP growth slowed to 4.8% from 4.6% a quarter earlier.
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