Rapid macroeconomic growth has worked to strengthen trade and investment in the Philippines. Build, Build, Build – the government’s infrastructure development agenda – is supporting soaring imports, while the fast-growing manufacturing export base remains an economic mainstay.
Sound fiscal and monetary policy-making should help prevent the economy from overheating, even as socio-economic challenges, rising income inequality and inflation pose as obstacles to inclusive growth. Public debt is low and fiscal buffers remain strong, although a shift away from public-private partnerships as the preferred model for new infrastructure projects will see government borrowing spike in 2018. Nonetheless, solid macroeconomic fundamentals, a diversified export base and growing domestic consumption should keep a steady upward trajectory into 2019 and beyond.
Equitable progress: President Rodrigo Roa Duterte, on federalism, security, supporting overseas...
Diversified funding: Carlos G Dominguez III, Secretary of Finance, on the comprehensive tax reform...
A diversified approach: Jaime Augusto Zobel de Ayala, Chairman and CEO, Ayala Corporation, on...
Ready for competition: Ramon M Lopez, Secretary, Department of Trade and Industry (DTI), on the...
On a roll: Andrea Domingo, Chairman and CEO, Philippine Amusement and Gaming Corporation, on...
Built for success: Dennis Uy, Founder and Chairman, Chelsea Logistics, on the potential for...
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