10 months Oil prices key risk to economic growth Manilatimes |Biz
Philippine growth will likely pick up this year, an economist said on Tuesday, but the country should watch out for oil price movements that could exacerbate the current account deficit. A notice informing drivers of the implementation of the second tranche of the Train Law is displayed at a gasoline station in Paco, Manila. PHOTO BY DANTE DENNIS DIOSINA JR.In a briefing, Standard Chartered Bank economist Chidu Narayanan said that domestic consumption and rapid infrastructure investment growth were expected to drive 2019 gross domestic product (GDP) growth to 6.4 percent, up from last year’s 6.2 percent. The forecast, however, falls ... more