Medium-Term Growth Outlook Still Solid Despite Near-Term Headwinds
Country Risk / Philippines / Fri 18 Aug, 2017
We maintain our forecast for the Philippine economy to grow by 6.3% for full-year 2017, despite GDP data in H117 averaging 6.4% y-o-y, as recent weakness in financial markets suggest the economy will face headwinds over the near-term. Over the longer-term, we are fairly constructive on the economy, expecting growth to average 6.2% over the next