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NEWS UPDATES Asean Affairs   November 23,  2017  








 



PHL ready to address overheating economy —BSP

The Philippine economy may not be at risk of overheating anytime soon, but the Bangko Sentral ng Pilipinas (BSP) said on Tuesday it is prepared to address such concern.

"We continue to closely monitor growth and risks and we stand ready to deploy macroprudential fundamental measures if necessary," BSP Governor Nestor Espenilla Jr. said in his keynote speech during the Security Bank Economic Forum in Makati City.

The Philippine gross domestic product grew by 6.9 percent in the third quarter of the year, higher than a market consensus of 6.6 percent.

An economy may overheat when demand overwhelms supply and growth becomes unsustainable as factories overproduce to keep up with consumption.

Espenilla said last week that overheating could be a concern if growth continues to be above the potential.

On Tuesday, however, Espenilla said the Philippine economic growth remains be "manageable."

"The risk of overheating has been raised by some analysts. We do not believe we are there yet and we remain very vigilant to avoid it," he said.


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ASEAN NEWS UPDATES      Updated: 04 January 2011

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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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