8 months 2019 GDP growth seen rebounding Manilatimes |Biz
Domestic demand should offset a weaker global economy and allow the Philippines to post a growth rebound to 6.8-7.2 percent this year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in the latest issue of their “The Market Call” report. “With investment spending keeping high altitudes and consumer spending supported by inflation sharply falling into below-4 percent year-on-year by Q1-2019 and election spending that has started in November 2018, we think that GDP (gross domestic product) growth will rebound starting 2019,” they said. “This New Year we should see the start of major ... more