Economy / Philippines
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Macroeconomic Forecast Phillippines
August 2005 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Record oil prices, slower global growth and heightened political risk will take their toll on the Philippines' economy in 2005. According to BMI forecasts, real GDP will expand by 4.5% 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 this year. During Q105, GDP growth slowed to 4.6% from 5.4% a quarter earlier. The Philippines' economy in 2006 will expand by