Economy / Philippines
If you would like to subscribe to South East Asia Monitor Vol 2 and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to South East Asia Monitor Vol 2 please click on the trial link below.
Macroeconomic Forecast Philippines
January 2005 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to South East Asia Monitor Vol 2 and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to South East Asia Monitor Vol 2 please click on the trial link below.
The Philippines' economy expanded an estimated 6.2% in 2004, its fastest rate for 15 years, according to Socio-Economic Planning Secretary Romulo Neri. Neri told a press conference ahead of the release of final figures on January 31 that strong government spending supported the economy during the fourth quarter. There is an upside risk to our estimate of 5.7% real GDP growth in 2004, which was based on the assumption that slower global growth during the second half of the year would affect demand for Philippine exports. We expect real GDP growth to slow to 4.6% in 2005.