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Home  >>   Daily News  >>Philippines>>Economy>>Philippine Q1 GDP growth to stay solid on exports, consumption
NEWS UPDATES Asean Affairs     May 18, 2017  








Philippine Q1 GDP growth to stay solid on exports, consumption

The Philippine economy is expected to have maintained a robust pace of growth in the first quarter, bolstered by resilient exports and strong consumer spending and investment activity.

The economy is also being propped up by record remittances from abroad and the government's expansionary fiscal policies at home. Southeast Asia's fifth-largest economy is on track to remain one of the region's fasting-growing this year.

Gross domestic product was expected to grow 1.5 percent in the March quarter from the previous three months, slightly slower than 1.7 percent growth in the fourth quarter, according to the median forecast in a Reuters poll.

From a year earlier, the economy was estimated to expand 6.8 percent in the first three months, faster than 6.6 percent growth in the fourth quarter, driven by a rebound in exports, farm output and strong domestic demand.

Economic Planning Secretary Ernesto Pernia told Reuters in January he expected annual growth in the first quarter period to be between 6.5-7.0 percent, or even higher, as the government committed to ramp up infrastructure spending.

For the full-year, economists forecast the Philippine economy would grow 6.8 percent, within the government's growth target of 6.5-7.5 percent.


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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   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

 


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