Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal 
China Manufacturing PMI Slips Into Contraction in January as Weak Demand Pressures Economy 
China Home Prices Rise in January as Government Signals Stronger Support for Property Market 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
The Philippines’ robust economic growth is expected to sustain, according to an ANZ research report. However, it also weakens the external accounts. The Philippine authorities have taken a benign view of the situation as the decline in current account is mainly because of imports of capital goods.
The decision of the Philippine government to increase the fiscal deficit target to 3 percent of the GDP along with initiatives to accelerate the delivery of earlier-approved infrastructure projects might also assist in stimulating growth in 2017, noted ANZ.
However, raising the medium term growth potential of Philippines would need increased levels of public investment. If the 3 percent deficit target is considered as a threshold line, the additional investments would be contingent on passing the first package of tax reforms by the Congress.
The Philippine central bank is likely to cautiously hike its interest rate corridor this year due to accelerating inflation, according to ANZ. However, the appointment of a new Governor might have a bearing on the extent and rate of tightening.
