Philippine economy likely to have expanded 6.9 pct y/y in Q4 2017

The Philippine economic growth is expected to have expanded in the fourth quarter of last year. According to a DBS Bank research report, the economy is likely to have grown 6.9 percent year-on-year. This suggests that the economy is expected to have expanded 6.7 percent in the whole of 2017.

Private consumption growth is expected to have recovered to over 5 percent in the fourth quarter. Total investment growth might have moderated further in the fourth quarter to 7.1 percent, but would have managed to remain close to double-digit for full-year 2017.

“Overall domestic demand is likely to remain strong in 2018, supported by the government’s infrastructure push. Our current forecast pencil in steady GDP growth of 6.7 percent in 2018/19”, added DBS Bank.

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