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Macro - Country Economic Forecasts - Philippines

Publisher Oxford Economics
Published Apr 30, 2022
Length 9 Pages
SKU # OFE17148996

Description

Macro - Country Economic Forecasts - Philippines

We have kept our GDP growth forecasts for the Philippines at 6.8% for 2022 and 5.8% for 2023, but downside risks have risen due to lockdowns in China, which will worsen supply chain disruptions. This will further dampen foreign trade prospects amid the ongoing fallout from the Russia-Ukraine war. Partly offsetting the more cautious outlook for trade is the recovery in domestic demand. Despite higher inflation, we look for consumer spending, particularly on services, to improve and investment to strengthen following the disruptions to activity last year.

Table of Contents

9 Pages
Philippines: External headwinds persist amid high uncertainty
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

Pricing

Currency Rates
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