Q3 GDP in the Philippines, published today, was down in q/q terms. We were the only one of those surveyed by Bloomberg to forecast that there would be a contraction, but we remain positive on the outlook. The private sector is well-placed to lift GDP again in coming quarters even as policy stimulus is withdrawn. What’s more, the government should be able to accelerate the implementation of infrastructure improvement projects. The risk that the Philippines cannot deliver looks low.
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