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Analysis by Region - Emerging Markets - Philippines

Publisher Oxford Economics
Published May 31, 2022
Length 9 Pages
SKU # OFE17206743

Description

Analysis by Region - Emerging Markets - Philippines

We have raised our 2022 GDP growth forecast for the Philippines to 7.3% from 6.8% following a stronger-than-expected Q1 GDP print. Household spending once again underpinned the above-trend quarterly outcome. However, while we expect domestic demand momentum will remain firm, we see growth moderating as higher inflation continues to squeeze real incomes. Externally, weaker growth in China will also dampen growth in goods exports, while tightening by the US Fed raises the risk of financial market turmoil.

Table of Contents

9 Pages
Philippines: Higher 2022 growth forecast follows strong Q1 outcome
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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