Sign up | Log in



Home  >>   Daily News  >>   Philippines  News  >>   Economy  >>   Brighter growth outlook, higher inflation for Philippines
NEWS UPDATES Asean Affairs        15  February 2011

Brighter growth outlook, higher inflation for Philippines

Related Stories

February  14, 2011
Philippine budget deficit swells in December

February 12, 2011
Philippines economic index rises

February 9, 2011
More poor Philippine families

February  7, 2011
Hike in 2011 Philippine inflation


An Australian think tank has raised its economic growth outlook for the Philippines. The International Market Assessment Asia (IMAA) said its forecast for the country's trend growth has risen from the earlier 4.9 percent to 5.9 percent until 2015, the fastest in 40 years. The improved credit profile and strong macroeconomic fundamentals will attract foreign capital flows into the country and lower the cost of funds, the IMAA said.

"We've lifted the outlook on our moderate economic risk rating to positive as a cluster of structural developments in the economy are lifting and stabilizing the growth trend," the think tank said.

Philippine gross domestic product (GDP) grew by a 34-year high of 7.3 percent in 2010 from 1.1 percent in 2009, on the back of strong consumption, investment, and net exports. IMAA said one of the key drivers of growth, remittance-led consumer demand, is projected to grow by 5.5 percent this year.

The think tank said demand for skilled workers in areas such as business process outsourcing will continue to grow and support economic expansion.

"These trends look set to continue through to 2012 as global growth strengthens. Consumer spending to 2015 may rise above our expected 4.4 percent in line with the increase in fixed investment and employment," IMAA said.

With the private-public partnership program of the Aquino administration in place, investments are expected to grow by 9.9 percent in the next four years, with the government to remain a key investment driver through its infrastructure plans.

IMAA, however, warned that inflation will likely double this year because of rising global prices and strong domestic demand. Philippine inflation averaged 3.8 percent in 2010.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    15  February 2011 Subsribe Now !
• Canadian trade mission arrives in Cambodia
Subcribe: Asean Affairs Global Magazine
• Indonesia, Finland sign renewable energy agreement Asean Affairs Premium
• Brighter growth outlook, higher inflation for Philippines
• Anti-competition, anti-bribery laws to strengthen 
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Thai bank earnings to grow 21 percent
• Thailand begins alternative energy island projects
• Japanese firms moving to Thailand
• Vietnamese infrastructure projects lack funding
Asean Analysis    15   February 2011 Advertise Your Brand
• Drought in China Sponsor Our Events
Asean Stock Watch    15  February 2011
• ASEAN Markets to Continue Rally
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand