GDP growth in the Philippines rebounded strongly in the first quarter due to continued strong private consumption, a pick-up in government spending and a recovery in exports. However, with the crisis in the euro-zone likely to weigh on export demand, this strong performance is unlikely to last. We expect growth to gradually weaken over the course of the year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services